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Metatrend's stock will generate earnings of $6 per share next year. The discount rate for the stock is 15% and the company's ROE is also

Metatrend's stock will generate earnings of $6 per share next year. The discount 
rate for the stock is 15% and the company's ROE is also 15%. Find the growth 
rate of dividends and the expected stock price if the company has a payout policy 
of 60%.

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