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The ABC Company, whose common stock is currently selling for $52 per share, is expected to pay a $3.25 dividend in the coming year. If

The ABC Company, whose common stock is currently selling for $52 per share, is expected to pay a $3.25 dividend in the coming year. If investors believe that the expected rate of return on XYZ is 12 percent, what growth rate in dividends must be expected?

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