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Common stock value: Constant growth The common stock of Denis and Denis Research, Inc., trades for $60 per share. Investors expect the company to pay
Common stock value: Constant growth The common stock of Denis and Denis Research, Inc., trades for $60 per share. Investors expect the company to pay a $3.90 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a 10% return on this stock, what is the dividend growth rate that they are anticipating?
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