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A stock is expected to pay a dividend next year of $2.6. Its required return is 12%, and its current stock price is $46. If
A stock is expected to pay a dividend next year of $2.6. Its required return is 12%, and its current stock price is $46. If the dividends on this stock are assumed to grow at a constant rate, we can infer that the stock price should grow at ______% per year.
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