Question: Rounded to 4 decimals, Please show work so I can understand the process of solving this type of problem. Assume a stock will pay dividends

Rounded to 4 decimals, Please show work so I can understand the process of solving this type of problem.

Assume a stock will pay dividends that increase at a constant rate every year forever, and that the dividend one year from now is expected to be $2.22. The current stock price is $64, and the required return on the stock is 7.3%. The annual growth rate in dividends expected to be %

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