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Consider a slock that is expected to pay a dividend of $1.31 a year from now. The current price of the stock is $43.11. The

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Consider a slock that is expected to pay a dividend of $1.31 a year from now. The current price of the stock is $43.11. The oxpectod rate of return on the stock is 8.9\%. What must be the expected growth rate of the dividends? Enter your answer as a percentage, Do not enter the percentage sign into your answer. Enter your response below rounded to 2 DECIMAL PLACES

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