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8. Pem Corp. just paid an annual dividend of $2.00. Dividends are expected to grow at a constant rate forever. The price of the stock

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8. Pem Corp. just paid an annual dividend of $2.00. Dividends are expected to grow at a constant rate forever. The price of the stock is currently $28.40. The required rate of return for this stock is 14 percent. What is the expected growth rate of Pern's dividend? A) 6.5% B) 6.96% C) 7.48% D) 8.37% E) 19.66%

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