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Alabaman Energy Corps common stock paid $1.00 dividend last year and dividends are expected to grow at a constant rate for the foreseeable future. If
Alabaman Energy Corps common stock paid $1.00 dividend last year and dividends are expected to grow at a constant rate for the foreseeable future. If the stocks value is currently $22 and the investors required rate of return on the stock is 15 percent, what is the growth rate projected?
12.5 percent
10.0 percent
5.0 percent
7.5 percent
15.0 percent
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