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21. a company has an roe of 14% and payouts 36% of its earnings as dividends. it is planning to pay a $2.42 dividend next

21. a company has an roe of 14% and payouts 36% of its earnings as dividends. it is planning to pay a $2.42 dividend next year with a current stock price of $40. what is the company's dividend growth rate? express your answer as a percentage and round to two decimals.

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