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Use the Constant Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay

Use the Constant Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $19.47 per share in one year. ELO shares are currently trading for $237.73 on the NYSE, and the expected annual rate of return for ELO shares is 12.11%

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