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Fowler Inc. common stock in a firm sells for $80. The beta = 1.5, the risk-free rate is 6%, and the market risk premium is

Fowler Inc. common stock in a firm sells for $80. The beta = 1.5, the risk-free rate is 6%, and the market risk premium is 9%. Next year's dividend is expected to be $2.00. Assuming that dividend growth is expected to remain constant for the firm over the foreseeable future, what is the anticipated dividend growth rate?

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