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Question
Wholesale Foods common stock is valued at $11.05 per share. The firm pays annual dividends which increase at a constant rate. The last dividend paid was $1.20. The required return is 12 percent. What is the dividend growth rate?A. 1.03 percent
B. 1.67 percent
C. 3.47 percent
D. 3.59 percent
E. 4.00 percent
Answer
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