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Stock ABC is expected to pay the next dividend of $4.00. The stock expected rate of return is 15% and the stock is currently selling

Stock ABC is expected to pay the next dividend of $4.00. The stock expected rate of return is 15% and the stock is currently selling at a price of $30 per share. Under the constant Dividend Growth Model, what is the dividend growth rate, in percent to 2 decimal places, on this stock?

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