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A stock is trading at $85 per share. The price just paid a dividend of $7, and it is expected to grow at some constant

A stock is trading at $85 per share. The price just paid a dividend of $7, and it is expected to grow at some constant rate g throughout time. The stock required rate of return is 11%. What is your forecast of growth rate, g? (round your answer to 4 decimal points)

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