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Question 3 Consider a stock that is expected to pay a dividend of $2.07 a year from now. The current price of the stock is

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Question 3 Consider a stock that is expected to pay a dividend of $2.07 a year from now. The current price of the stock is $50.54. The expected rate of return on the stock is 13.2%. What must be the expected growth rate of the dividends? Enter your answer as a percentage. Do not enter the percentage sign into your answer. 1 point Enter your response below rounded to 2 DECIMAL PLACES. Number %

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