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Consider a stock that is expected to pay a dividend of $ 1 . 5 1 a year from now. The current price of the

Consider a stock that is expected to pay a dividend of $1.51 a year from now. The current price of the stock is $32.11. The expected rate of return on the
stock is 5.7%. 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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