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5. The common stock of Pendant Publishing currently sells for $68, and is expected to pay a dividend next year of $4.15 per share. If

5. The common stock of Pendant Publishing currently sells for $68, and is expected to pay a dividend next year of $4.15 per share. If future dividends are expected to grow at a constant rate, and investors require an 11.7% return, what is the expected future growth rate of the dividend?

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