Question: Cornell Inc. next dividend is expected to be $4 per share. Its equity cost of capital is 8%, and you expect its dividend to grow

Cornell Inc. next dividend is expected to be $4 per share. Its equity cost of capital is 8%, and you expect its dividend to grow though you are somewhat unsure of the precise growth rate. If Lowell Inc.'s stock is currently trading for $82 per share, what would you expect its dividend growth rate?

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