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A company is expected to pay a $3.89 per-share dividend at the end of the year (D1=$3.89). The stock sells for $60 per share and

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A company is expected to pay a $3.89 per-share dividend at the end of the year (D1=$3.89). The stock sells for $60 per share and shareholders' required rate of return is 10%. The dividend is expected to grow at a constant rate forever. What is the growth rate for this stock? 112 points) You must type in both the answer and all of your work to receive credit. Be sure to use 4 decimal places (25.25% or 0.2525)

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