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If a firm's stock is selling for $ 3 5 today. They are just about to pay a $ 1 dividend and dividends are expected

If a firm's stock is selling for $35 today. They are just about to pay a $1 dividend and dividends are expected to grow at a constant rate per year. The required rate of return is 8% per year. What is the growth rate of the dividend?
a)5.14%
b)5.06%
c)5%
d)4.91%
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