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Question 11 1 pts The earnings and dividends of MCL Ltd. are expected to grow at a constant annual rate over the foreseeable future. MCL's

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Question 11 1 pts The earnings and dividends of MCL Ltd. are expected to grow at a constant annual rate over the foreseeable future. MCL's has recently paid a dividend per share of $1.30, and the required rate of return on the shares is 12% p.a. Based on this information, the current price of MCL's shares has been estimated at $26.00. The constant annual growth rate in dividends that is implied by this information is closest to: 5.00% 5.33% O 7.00% O 6.67%

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