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MammothMart's common shares are currently trading for$59.85 and the company paid its annual dividend of$0.60 per share. If your required rate of return is12%, what

MammothMart's common shares are currently trading for$59.85 and the company paid its annual dividend of$0.60 per share. If your required rate of return is12%, what is the implied growth rate individends? (Assuming that dividends are expected to grow at a constant rate inperpetuity.)

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