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stock is currently trading at $40. The company announced that the next dividend is going to be $4. If the stockholders require a return of

stock is currently trading at $40. The company announced that the next dividend is going to be $4. If the stockholders require a return of 13%, what is the implied dividend growth rate?

Select one:

A. 10%

B. 8%

C. 3%

D. 5%

E. 13%

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