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The common stock of Delicious Bakery Inc. is currently trading at $62.42 per share. The corporation just paid an annual dividend of $2.08 per share,

The common stock of Delicious Bakery Inc. is currently trading at $62.42 per share. The corporation just paid an annual dividend of $2.08 per share, and investors required rate of return is 10.6 percent. Assuming the corporation maintains a constant growth rate for its dividends, what is this growth rate?

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