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Brock Papers has a fixed dividend payout ratio of 30%, current net income of $5,200, total assets of $56,400, and total equity of $21,600. Given

Brock Papers has a fixed dividend payout ratio of 30%, current net income of $5,200, total assets of $56,400, and total equity of $21,600. Given this information, what estimate would you use as the dividend growth rate if the last dividend paid was $.5 per share?

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