Talbot currently bought a stock at 50 believing that this, Financial Accounting

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Talbot currently bought a stock at 50 believing that this

Talbot currently bought a stock at $50, believing that this company is going to increase their dividend payments at a constant growth rate. If the market interest rate is 9.6% and she just received a dividend payment of $1.50, what is the expected constant growth rate of this company?

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Financial Accounting: Talbot currently bought a stock at 50 believing that this

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