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The common stock of General Land Development Company (GLDC) is axpected to pay a dividond of 52:25 next year and currently selis for $23 :

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The common stock of General Land Development Company (GLDC) is axpected to pay a dividond of 52:25 next year and currently selis for $23 : Assume that the firm's future dividend payments are dxpected to grow at a constant rate for the foreseeable future, Datermine the implied growth rate of st bC dividends (and earnings), assuming that the required rate of return of investors is 14 percent, Round your answer to the nearest whole number

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