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(Stocks) A stock with the required rate of return of 10.75% is expected to pay a $1.11 dividend over the next year. The dividends are
(Stocks) A stock with the required rate of return of 10.75% is expected to pay a $1.11 dividend over the next year. The dividends are expected to grow at constant rate forever. The intrinsic value of the stock is $24.58 per share. What is the constant growth rate (in \%, to the nearest 0.01% )? E.g., if your answer is 4.236%, record it as 4.24
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