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CDB stock is currently priced at $78. The company will pay a dividend of $4.49 next year and investors require a return of 10.7 percent

CDB stock is currently priced at $78. The company will pay a dividend of $4.49 next year and investors require a return of 10.7 percent on similar stocks. What is the dividend growth rate on this stock?

5.04%

5.76%

4.70%

4.94%

4.61%

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