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A stock is currently selling for $92.41 per share in the market. If the stock is forecasted to pay a dividend of $11.91 per share

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A stock is currently selling for $92.41 per share in the market. If the stock is forecasted to pay a dividend of $11.91 per share in one year and investors require a rate of return of 15.28 percent per year, what constant growth rate must apply to this security? 2.39% 2.87% 15.26% 12.89% 15.28%

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