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Question 4 2pts CDB stock is currently priced at $62. The company will pay a dividend of $3.85 next year and investors require a return

Question 4 2pts CDB stock is currently priced at \$62. The company will pay a dividend of \$3.85 next year and investors require a return of 9.8 percent on similar stocks. What is the dividend growth rate on this stock? Format your answer to 2 decimal places and into numerical format for submission (i.e. 2.37% should be submitted as 0.0237)

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