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The market price of a stock is $21.64 and it is expected to pay a dividend of $1.99 next year. The required rate of retum

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The market price of a stock is $21.64 and it is expected to pay a dividend of $1.99 next year. The required rate of retum is 11.07\%. What is the expected growth rate of the dividend? Answer format: Percentago Round to: 2 decimal places (Example: 9.24%, % sign required. Wal accept decimai fomat rounced to 4 decimal places (ex: 0.0924))

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