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You just paid $34.05 for 1 share of ABC's common stock. The company just paid a dividend of $4.50 per share on its common stock.
You just paid $34.05 for 1 share of ABC's common stock. The company just paid a dividend of $4.50 per share on its common stock. You have a required rate of return of 11.500% compounded annually. What is the expected growth rate for the dividends? Your answer should be in percentage form and should be accurate to three decimal places.
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