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$ A stock is priced at $38.24 a share and has a market rate of return of 9.65%. What is the dividend growth rate if

$ A stock is priced at $38.24 a share and has a market rate of return of 9.65%. What is the dividend growth rate if the company plans to pay an annual dividend of $.48 a share next year?

2.23 percent

8.39 percent

7.42 percent

7.60 percent

1.26

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