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Conglom-O stock currently sells for $24 per share. The last dividend paid was $1.40 per share. The stock has a beta of 1.3, the risk-free

Conglom-O stock currently sells for $24 per share. The last dividend paid was $1.40 per share. The stock has a beta of 1.3, the risk-free rate is 1.5%, and the market risk premium is 7%. What must be the market's expectation for constant growth in dividends?

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