Question: Consider a stock that will have dividends in the next three periods of $1.42, $1.66, and $1.71, respectively. The interest rate is 8%. What is

Consider a stock that will have dividends in the next three periods of $1.42, $1.66, and $1.71, respectively. The interest rate is 8%. What is the growth rate of the dividend in period 3? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to 2 DECIMAL PLACES.

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