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ZYX Corporation currently pays a $1.55 dividend and its current stock price is $53.50. Assuming the companys cost of equity capital is 6% use the

ZYX Corporation currently pays a $1.55 dividend and its current stock price is $53.50.

Assuming the companys cost of equity capital is 6% use the dividend discount valuation model to estimate the companys growth rate.

Group of answer choices

3.1%

6.0%

2.4%

1.7%

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