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To forecast a company's dividend growth, you have assumed a growth rate of 9% in the first three years. You also assume that starting from
To forecast a company's dividend growth, you have assumed a growth rate of 9% in the first three years. You also assume that starting from year eight, the growth rate will be 2% every year indefinitely . If the growth rate decreases by the same amount every year between year three and eight, what is the assumed growth rate in year seven?
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