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Common shares of Big Pond Inc are currently selling for $46.90. The most recent dividend paid was $2.21 per share and the market rate of

Common shares of Big Pond Inc are currently selling for $46.90. The most recent dividend paid was $2.21 per share and the market rate of return is 15.8 percent. At what constant rate is the dividend growing?

Please show calculations, do not use excel to solve :) Also if you have previously answered this question on chegg please let someone new answer it !

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