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The common stock issued by Spring Healthcare Co, paid a dividend of $2.20 per share yesterday. The firm expects its earnings to grow at a

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The common stock issued by Spring Healthcare Co, paid a dividend of $2.20 per share yesterday. The firm expects its earnings to grow at a constant rate for the foreseeable future and it intends to maintain the same profit retention rate. If the stock is currently selling for $50.00 while the investors' required rate of return on the stock is 15%, what is the growth rate projected by the firm

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