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In October 2020, the price of Apples stock was $100.61 per share. At the time, Apple was paying an annual dividend of $3.6 per share.

In October 2020, the price of Apples stock was $100.61 per share. At the time, Apple was paying an annual dividend of $3.6 per share. If the return investors required to buy Apples stock was 0.10, what growth rate in Apples dividend must investors have been expecting?

a. 7.2%

b. 5.2%

c. 4.2%

d. 6.2%

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