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

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Use the 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 $14.26 per share in one year. ELO shares are currently trading for $418.18 on the NYSE, and the expected annual rate of return for ELO shares is 9.04%. Answer as a % to 2 decimal places (eg, 12.34% as 12.34) Answer in

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