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A company has an ROE of 10% and payouts 45% of its earnings as dividends. It is planning to pay a $2.49 dividend next year
A company has an ROE of 10% and payouts 45% of its earnings as dividends. It is planning to pay a $2.49 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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