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A companys stock price currently is $23.56 per share and the stocks required return is 13.2% per year. If the companys next dividend is expected

A companys stock price currently is $23.56 per share and the stocks required return is 13.2% per year. If the companys next dividend is expected to be $1.56 per share and the dividends are expected to grow forever at a constant rate, what is the expected annual dividend growth rate?

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