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3. Shares of the RTD Co. common stock are currently selling for $27.73. The last dividend paid was $1.60 per share. The market rate of

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3. Shares of the RTD Co. common stock are currently selling for $27.73. The last dividend paid was $1.60 per share. The market rate of return is 10 percent. At what rate is the dividend growing? (7pt.)

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