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24 Gay Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D| -$1.25). The stock sells for

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24 Gay Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D| -$1.25). The stock sells for $29.00 per share, and its required rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate? A. 6.19% B. 5.88% 1.25(It3 10.5-1 3 6.75% 6.31% 24

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