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QUESTION 12 A share is expected to give a $2 dividend next year (D1). The required rate of return is 15 percent and the stock

QUESTION 12 A share is expected to give a $2 dividend next year (D1). The required rate of return is 15 percent and the stock is selling for $20. Assuming a constant rate, find the growth rate of dividend. 15% 05% 10% 20%

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