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adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is $4, and the current stock price is

image text in transcribed adequate to provide the common equity portion of its capital budget. Its expected dividend next year (D1) is $4, and the current stock price is $34. a. What is the company's expected growth rate? Do not round intermediate calculations. Round your answer to two decimal places. % Growth rate =(1 Payout ratio ) ROE

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