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Use the Dividend Growth Model to determine the expected annual growth rate of the dividend...

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Use the Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $19.32 per share in one year. ELO shares are currently trading for $243.32 on the NYSE, and the expected annual rate of return for ELO shares is 14.1%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34)

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