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What is the periodic rate we should use in our calculation

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Reference no: EM132616056

The growth rate is 4.31% (EAR). We are calculating the stock value for 2 years worth of dividends that are paid monthly. What is the periodic rate we should use in our calculation?

Round your answer to 2 decimal places AND enter your final answer as a percentage.

Do not include "%" in your answer.

For example 0.652124 = 65.21

Reference no: EM132616056

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