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McKenna Motors is expected to pay a $2 per-share dividend at the end of the year (D1 = $2). The stock sells for $23 per

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McKenna Motors is expected to pay a $2 per-share dividend at the end of the year (D1 = \$2). The stock sells for \$23 per share and its required rate of return is 11.4 percent. The dividend is expected to grow at a constant rate, g, forever. What is the growth rate, g, for this stock? 2.80% 2.60% 2.7% 2.90% 3.00%

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