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What is the growth rate of the Lithium o stock

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Reference no: EM132845460

Question - Two years ago, your friend bought a stock for $27.43 a share of Lithium Co stock. When she purchased the stock, Lithium Co just paid $1.61 in dividends and the dividend is expected to grow at a rate of x. Given the required return of 8% on this investment, what is the growth rate (x) of the Lithium o stock?

Reference no: EM132845460

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