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Rainy Day Inc.s common stock is currently trading for $82.18 per share and has a required return of 12.7 percent. The company just paid an

Rainy Day Inc.s common stock is currently trading for $82.18 per share and has a required return of 12.7 percent. The company just paid an annual dividend of $4.60 per share. What is the dividend growth rate? Round your final answer to at least 4 decimal places.

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