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A firm's stock price is 37 and the company pays out a dividend of 1.07 per year. If you have a required rate of

 

A firm's stock price is 37 and the company pays out a dividend of 1.07 per year. If you have a required rate of retum of 6%, what is the expected growth rate given the current stock price and required rate of return? (Please write your answer in decimal format. for example if the answer is 3.1235%, please write 031235)

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