Home Depot JUST paid a dividend of $3.80 per share and this dividend is expected to grow
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Question:
Home Depot JUST paid a dividend of $3.80 per share and this dividend is expected to grow at a constant rate.You have calculated that the required rate of return for Home Depot is 14% and it is currently trading at a price of $39.52.What is the expected growth rate of the dividend?
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