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Six Pistols Records Inc. (SPR) has just paid a Div0 = $4 (per share) dividend. Its stock price equals P0 = $52 and the required

Six Pistols Records Inc. (SPR) has just paid a Div0 = $4 (per share) dividend. Its stock price equals P0 = $52 and the required rate of return is rE = 12%. What is the expected annual rate of dividend growth for this firm?

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