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Computer stocks currently provide an expected rate of return of 21%. MBI, a large computer company, will pay a year-end dividend of $2.90 per share.

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Computer stocks currently provide an expected rate of return of 21%. MBI, a large computer company, will pay a year-end dividend of $2.90 per share. a. If the stock is selling at $59 per share, what must be the market's expectation of the dividend growth rate? (Round your answer to 2 decimal places.) Growth rate %

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