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Canopus, Inc. is expected to pay a dividend of $ 2 . 4 0 next year ( i . e . , D 1 =

Canopus, Inc. is expected to pay a dividend of $2.40 next year (i.e.,D1=2.40) and its current stock price is $25.00. The discount rate for the company is 12.3%. If the market expects Canopus's dividends to grow at a constant rate forever, then the growth rate must be
3.50
2.70
3.10
3.90
4.30
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