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The common stock of Denis and Denis Research Inc. trades for $60 per share. Investors expect the company to pay a $3.90 dividend next year,

The common stock of Denis and Denis Research Inc. trades for $60 per share. Investors expect the company to pay a $3.90 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a 10% return on this stock, what is the dividend growth rate that they are anticipating?

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