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Crake & Beales paid dividends of $2.85 per share over the last twelve months, the stock price is $37.20, and the discount rate is 12.03%.

Crake & Beales paid dividends of $2.85 per share over the last twelve months, the stock price is $37.20, and the discount rate is 12.03%. Assuming the constant growth model applies. the dividend growth rate percentage is:

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