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ABC is expected to pay a dividend of $4.3 per share at the end of the year. The stock sells for $93 per share, and

ABC is expected to pay a dividend of $4.3 per share at the end of the year. The stock sells for

$93 per share, and its required rate of return is 15.4%. The dividend is expected to grow at

some constant rate, g, forever. What is the growth rate (i.e. solve for g)?

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