Market expectation of firm constant future growth rate

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A firm's stock currently sells for $28.28. The firm just paid a dividend $4.29. If the required rate of return on the firm's stock is 15.7%. what is the market's expectation of the firm's constant future growth rate? State your answer as a percentage to 2 decimal places. Percent sign not necessary. (note: it is possible to have a negative growth rate)

Reference no: EM131068835

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