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Nishi Corporation's common stock just paid $0.79 dividend recently and dividends are expected to grow at a constant rate for the foreseeable future. The investors'

Nishi Corporation's common stock just paid $0.79 dividend recently and dividends are expected to grow at a constant rate for the foreseeable future. The investors' required rate of return on the stock is 10.89%. If the stock's current price is $15.62 per share, what is the growth rate projected?

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