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Given the expected rate of return of 15% for its stock, ABC plan to pay a year-end dividend of $3 per share (this is DI,

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Given the expected rate of return of 15% for its stock, ABC plan to pay a year-end dividend of $3 per share (this is DI, not DO). If its stock is selling at $60 per share, what must be the implied growth rate of ABC dividends? % Your answer must be in two digits with no decimals. That is, you answer must be in this format: xx

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