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A share of common stock has a current price of $ 8 2 . 5 0 and will pay out $ 8 . 0 0

A share of common stock has a current price of $82.50 and will pay out $8.00 dividends next year. The dividends are expected to grow at a constant rate of g percent each year. If you require a 14 percent rate of return, what is the value of g?(Round the answer to one decimal places.)

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