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Presently, the stock of Microtech is selling at $250. Next years expected dividend is $20. If the required return on Microtech stock is 18% and

Presently, the stock of Microtech is selling at $250. Next years expected dividend is $20. If the required return on Microtech stock is 18% and the market prices the stock on the basis of the constant growth dividend discount model, forecast Microtechs future dividend growth rate.

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