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XYZ recently paid a dividend of $0.56. Investors demand a rate of return of 6.85%. The shares of XYZ are currently trading for $7.05. The

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XYZ recently paid a dividend of $0.56. Investors demand a rate of return of 6.85%. The shares of XYZ are currently trading for $7.05. The implied long-term growth rate that shareholders expect = %

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