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Stock Y is currently selling for $70. The cost of equity is 12% and Stock Y just paid a $7 dividend to shareholders. What is

Stock Y is currently selling for $70. The cost of equity is 12% and Stock Y just paid a $7 dividend to shareholders. What is the market-implied growth rate of Stock Y?

		2.11%
		1.82%
		2.61%
		1.27%

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