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Dividends of $3.45 per share were paid by Overton & Co. over the last twelve months. Today the stock price is $47.80, and the company's

Dividends of $3.45 per share were paid by Overton & Co. over the last twelve months. Today the stock price is $47.80, and the company's discount rate is 11.63%. Assuming the constant growth model applies. the dividend growth rate percentage is:

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