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The common stock of Darkover Inc. just paid an annual dividend of $1.00. The dividend is expected to grow at a constant rate forever. The
The common stock of Darkover Inc. just paid an annual dividend of $1.00. The dividend is expected to grow at a constant rate forever. The required rate of return for this stock is 9.6 percent. If the current price of the stock is $ 36.79 what is the expected growth rate of the dividends? Give your answer to the nearest .1%.
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