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A fast growing firm just paid a dividend of $0.60 per share. The dividend is expected to increase at a constant rate for the next

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A fast growing firm just paid a dividend of $0.60 per share. The dividend is expected to increase at a constant rate for the next three years. Seading to a dividend payment of 50,735 ot the end of 2. This dividend growth rate will then talte 4 percent perpetually. You are a 12 percent discount rate is propriate for this stock What is the dividend growth rate before the end of year 3 Give your answer in a decimal number not in percentagele 0.0512, but NOT S.123. Give your answer to decimal places)

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