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A company's last annual dividend was $3.86 per-share (D0=$3.86) and it expects to pay another dividend at the end of the year. The dividend is

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A company's last annual dividend was $3.86 per-share (D0=$3.86) and it expects to pay another dividend at the end of the year. The dividend is expected to grow at a constant rate forever. The stock sells for $50 per share and shareholders' required rate of return is 988. What is the growth rate for this stock? (12 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 0.2626)

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