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Albright Motors is expected to pay a year-end dividend of $0.75 a share (i.e., D1 = $0.75). The stock currently sells for $44 a share.

Albright Motors is expected to pay a year-end dividend of $0.75 a share (i.e., D1 = $0.75). The stock currently sells for $44 a share. The required rate of return on the stock is 10%. The dividend is expected to grow at a constant rate, g. Determine g, the expected constant rate of growth. Albright Motors is expected to pay a year-end dividend of $0.75 a share (i.e., D1 = $0.75). The stock currently sells for $44 a share. The required rate of return on the stock is 10%. The dividend is expected to grow at a constant rate, g. Determine g, the expected constant rate of growth.

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