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A firm's stock price is 28 and the company pays out a dividend of 0.96 per year. If you have a required rate of return

`A firm's stock price is 28 and the company pays out a dividend of 0.96 per year. If you have a required rate of return of 7, what is the expected growth rate given the current stock price and required rate of return? (Please write your answer in decimla format, for example if the answer is 3.1235%, please write .031235)`

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