Question: pays consistent dividends that grow at a constant rate. expected to pay a dividend one year from now of $1.66 the current price of the

pays consistent dividends that grow at a constant rate.

expected to pay a dividend one year from now of $1.66

the current price of the stock is $60.47.

If the expected rate of return on the stock is 14.6%,

, what is the projected long-term growth rate of the dividends

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