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MyComp' s common stock is currently selling for $ 4 0 per share. The dividend expected to be paid at the end of the coming

MyComp' s common stock is currently selling for $40 per share. The dividend expected to be paid at the end of the coming year is $4.57. Dividend payments have been growing at a constant rate for the last four years. Four years ago, the dividend was $3.11. What is its growth rate?

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