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Widgets Inc common shares are currently trading for $68.25 and the company paid its annual dividend of $1.10 per share. If your required rate of

Widgets Inc common shares are currently trading for $68.25 and the company paid its annual dividend of $1.10 per share. If your required rate of return is 8%, what is the implied growth rate in dividends? (Assume that dividends are expected to grow at a constant rate in perpetuity)

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