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9) Firm T stock currently sells for $59.13 per share. The market requires a 15 percent return on the firm's stock, and the most recent
9)Firm T stock currently sells for $59.13 per share. The market requires a 15 percent return on the firm's stock, and the most recent annual dividend per share was $1.16.The company maintains a constant growth rate in dividends.What is this growth rate?Express your answer as a percentage and round to four decimal places (e.g., 15.83% = 0.1583).
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