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4 pts Question 18 A company has an ROE of 8% and payouts 52% of its earnings as dividends. It is planning to pay a

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4 pts Question 18 A company has an ROE of 8% and payouts 52% of its earnings as dividends. It is planning to pay a $2.52 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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