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PLEASE EXPLAIN USING A FORMULA 13) Wholesale Foods common stock is valued at $11.05 per share. The firm pays annual dividends which increase at a

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PLEASE EXPLAIN USING A FORMULA

13) Wholesale Foods common stock is valued at $11.05 per share. The firm pays annual dividends which increase at a constant rate. The just paid dividend was $1.20. The required return is 12 percent. What is the dividend growth rate? A) 1.03% B) 1.67% C) 3.47% D) 4.00%

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