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PS27 #1 The market price of a stock is $24.99 and it just paid a dividend of $1.22. The required rate of return is 11.23%.

PS27 #1

The market price of a stock is $24.99 and it just paid a dividend of $1.22. The required rate of return is 11.23%. What is the expected growth rate of the dividend?

Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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