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You just paid $37.15 for 1 share of ABC's common stock. The company just paid a dividend of $5.10 per share on its common stock.
You just paid $37.15 for 1 share of ABC's common stock. The company just paid a dividend of $5.10 per share on its common stock. You have a required rate of return of 14.400% 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. Therefore 0.0432189 should be recorded as 4.322.
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