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A stock with the required rate of return of 10.05% is expected to pay a $0.98 dividend over the next year. The dividends are expected

A stock with the required rate of return of 10.05% is expected to pay a $0.98 dividend over the next year. The dividends are expected to grow at a constant rate forever. The intrinsic value of the stock is $22.67 per share. What is the constant growth rate (in %, to the nearest 0.01%)? E.g., if your answer is 4.236%, record it as 4.24

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