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An investor wants to earn a 10% return on a stock she buys for $50 today. The stock just paid a dividend of $1.00 per

An investor wants to earn a 10% return on a stock she buys for $50 today. The stock just paid a dividend of $1.00 per share. What must be the annual growth rate in the dividend if she is using the dividend discount model to price this stock? 10 points

BAII PLUS

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