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A common stock issue is currently selling for $31 per share. The company plans to pay a dividend of $1.40 per share next year and

A common stock issue is currently selling for $31 per share. The company plans to pay a dividend of $1.40 per share next year and the required rate of return it 12%, what growth rate is expected for the company's stock price? A. 7.48% B. 6.94% C. 13.8 D. 14.2% E. 15.1%

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