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CDB stock is currently priced at $67. The company will pay a dividend of $4.97 next year and investors require a return of 11.3 percent

CDB stock is currently priced at $67. The company will pay a dividend of $4.97 next year and investors require a return of 11.3 percent on similar stocks. What is the dividend growth rate on this stock?

6.49%

3.69%

3.62%

3.88%

7.42%

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