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15 Gray Manufacturing is expected to pay a dividend of $2.10 per share at the end of the year (0 - $2.10). The stock sells

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Gray Manufacturing is expected to pay a dividend of $2.10 per share at the end of the year (0 - $2.10). The stock sells for $39.00 per share, and its required rate of return is 10,5% The dividend is expected to grow at some constant rate, 9. Porever. What is the equilibrium expected growth rate? Oa. 5.63% b. 4.87% OC 5.38% Od. 5.95% Oe. 5.12%

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