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CDB stock is currently priced at $75. The company will pay a dividend of $5.29 next year and investors require a return of 11.7 percent

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CDB stock is currently priced at $75. The company will pay a dividend of $5.29 next year and investors require a return of 11.7 percent on similar stocks. What is the dividend growth rate on this stock? Multiple Choice 7.05% 6.17% 4.65% 4.41% 4.34%

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