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Intro Aegenus Corp. has a current stock price of $103 and analysts expect earnings will grow at a stable rate of 20%. Aegenus just paid

Intro

Aegenus Corp. has a current stock price of $103 and analysts expect earnings will grow at a stable rate of 20%. Aegenus just paid an annual divided on $4.86 per share.

Part 1

What is the market capitalization rate implied by Aegenus' current price and dividend forecasts?

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