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XYZ Corporation has just paid a dividend of 56 cents per share. The current market price of the share is $15 and shareholders require a

XYZ Corporation has just paid a dividend of 56 cents per share. The current market price of the share is $15 and shareholders require a return of 9 % pa. What is the annual growth rate (g) of the dividends? Answer as a percentage accurate to two decimal places. Do not enter the % sign.

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