Celgene Corporation(CELG) have paid a dividend of $1.90 per share for the most recent year. Shares of
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Celgene Corporation(CELG) have paid a dividend of $1.90 per share for the most recent year. Shares of CELG have an estimated beta of 1.75 and currently selling for $83.25. The risk-free rate is 3% and the equity risk premium is estimated at 7.25%.
Calculate the constant dividend growth rate that would be required to justify the current market price.
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