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Gregory has one share of stock and one bond. The total value of the two securities is $ 1 , 0 3 0 . 9

Gregory has one share of stock and one bond. The total value of the two securities is $1,030.96. The bond has a YTM of 8.10 percent, a coupon rate of 8.20 percent, and a face value of $1,000. The bond matures in 11 years and pays annual coupons with the next one expected in 1 year. The stock is expected to pay an annual dividend every year forever, the next dividend is expected to be $3.02 in 1 year, all subsequent dividends are expected to grow at the same annual growth rate, and the expected return for the stock is 14.90 percent. What is the annual growth rate of the stocks dividend expected to be?
2.46%(plus or minus 2 bps)
13.94%(plus or minus 2 bps)
2.24%(plus or minus 2 bps)
26.37%(plus or minus 2 bps)
the answer cannot be obtained based on the given information

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