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Stock abc is selling in the market for 75 the dividends of

Stock ABC. is selling in the market for $75. The dividends of the company have been growing at a constant rate. If you purchase the stock today and sell it immediately after it pays a $3 dividend a year from now, what would be the growth rate if you require a 14 percent rate of return on this stock?

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Finance Basics: Stock abc is selling in the market for 75 the dividends of

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