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Assume a stock will pay dividends that increase at a constant rate every year forever, and that the dividend one year from now is expected
Assume a stock will pay dividends that increase at a constant rate every year forever, and that the dividend one year from now is expected to be $2.37. The current stock price is $68, and the required return on the stock is 8.5%. The annual growth rate in dividends expected to be _______%
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