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Whitewater Rapids Co. has just paid a dividend $2 per share out of earnings of $5 per share. If the book value per share is

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Whitewater Rapids Co. has just paid a dividend $2 per share out of earnings of $5 per share. If the book value per share is $50 and the net profit margin is 12%, what is the expected growth rate in dividends? 6% 10% 4% 7%

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