5 pts Gray Manufacturing is expected to pay a dividend of $1.25 per share at...
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5 pts Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D, - $1.25). The stock sells for $27.50 per share, and its required rate of return is 11.6%. The dividend is expected to grow at some constant rate (g) forever. What is the expected growth rate? Your answer should be between 3.22 and 8.78, rounded to 2 decimal places, with no special characters
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