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The market price of a stock is $21.07 and it is expected to pay a dividend of $1.81 next year. The required rate of return

The market price of a stock is $21.07 and it is expected to pay a dividend of $1.81 next year. The required rate of return is 11.55%. What is the expected growth rate of the dividend?

Percentage Round to: 2 decimal places

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