Instructions Do not do any interim rounding For numeric answers, state values to 2 decimal places (24 50 for dollar values or 2 50 for years, etc), and percentages as percentages to 2 decimal places (9 25 not 0925) Do not include labels such as $, , or words For multiple choice questions, choose the best answer Crake Beales paid dividends of $3 78 per share over the last twelve months, the stock price is $52 19, and the discount rate is 9 87 Assuming the constant growth model applies the dividend growth rate percentage is

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Question: Instructions Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc),

Instructions	Do not do any interim rounding. For numeric answers, state values to 2 decimal places (24.50 for dollar values or 2.50 for years, etc), and percentages as percentages to 2 decimal places (9.25 not .0925). Do not include labels such as $, %, or words. For multiple-choice questions, choose the best answer.

Crake & Beales paid dividends of $3.78 per share over the last twelve months, the stock price is $52.19, and the discount rate is 9.87%. Assuming the constant growth model applies. the dividend growth rate percentage is:

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