Misty Island Co. just paid its dividend of $2 per share. The dividend is expected...
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Misty Island Co. just paid its dividend of $2 per share. The dividend is expected to grow at a constant rate. The required rate of return of the stock is 12%, and the current price is $42.80. What is the stocks growth rate of dividend?
7.00%
4.67%
7.33%
11.67%
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