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Rivoli Inc. has a cost of equity of 9.50% and only uses retained earnings to finance new projects. If the firm just paid a dividend

Rivoli Inc. has a cost of equity of 9.50% and only uses retained earnings to finance new projects. If the firm just paid a dividend of $0.80 and its stock is selling for $57.50, what is the expected constant growth rate of Rivoli?

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