Growth rate expected for emery company dividends, Finance Basics

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Growth rate expected for emery company dividends

Problem:

A San diego Company just paid a dividend yesterday of $2.25 per share. The company's stock is currently selling for $60 per share, and the required rate of return on DRE Company stock is 15%.

Required:

Question: What is the growth rate expected for Emery Company dividends?

Note: Please describe comprehensively and provide step by step solution.

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