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A company has stock which costs $50.35 per share and will pay a dividend of $2.35 per share at the end of this year. The
A company has stock which costs $50.35 per share and will pay a dividend of $2.35 per share at the end of this year. The company's cost of equity is 11.98%. What is the expected annual growth rate in percentage of the company's dividends? (Provide the numeric answer to 2 decimal places. For example, if your answer is 0.9458%, please type 0.95.)
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