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Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $120...

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Accounting

Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $120 per share. Investors expect the company to pay a(n) $1.38 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a(n)15.5% return on this stock, what is the dividend growth rate that they are anticipating?
The anticipated dividend growth rate is %.(Round to two decimal places.)
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