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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

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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 on similar stocks. What is the dividend growth rate on this stock? Multiple Choice 3.62% 7.42% 3.69% 3.88% 6.49%

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