Question: Forward Tech Ltd estimates their required rate of return on average to be 1 5 % . Last year s dividend was $ 3 .

Forward Tech Ltd estimates their required rate of return on average to be 15%. Last years dividend was
$3.00, and the current share price of the company is $95.00. Find the estimated growth rate of dividend for
the company.
Please note: Solve using formulas showing all workings.

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