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Suppose you are trying to figure out the dividend growth rate of Walmart's stock. If the company pays a dividend of $2.88 and is
Suppose you are trying to figure out the dividend growth rate of Walmart's stock. If the company pays a dividend of $2.88 and is currently selling for $132 and the investors require a 10% return on their investment from buying the stock, what is the growth rate of its dividend? (Answer in percentage without the "%" sign. Round your answer to two decimal points)
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