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The common stock of Denis and Denis? Research, Inc., trades for $60 per share. Investors expect the company to pay? a(n) $3.89 dividend next? year, and they expect that dividend to grow at a constant rate forever. If investors require? a(n) 9?% return on this? stock, what is the dividend growth rate that they are? anticipating?

The anticipated dividend growth rate is _____%

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