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Bavarian Sausage is expected to pay a $2.5 dividend next year. If the required return on the stock investment is 12%, and the stock currently

Bavarian Sausage is expected to pay a $2.5 dividend next year. If the required return on the stock investment is 12%, and the stock currently sells for $52.50, what is the implied dividend growth rate for this company? (Enter your answers as a decimal rounded to 4 decimal places, not a percentage. For example, enter 0.0843 instead of 8.43%)

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