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# 1 0 . Growth Rates: The stock price of Jenkins Co . is $ 5 3 . Investors require a 1 2 % rate

10 .

Growth Rates:

The stock price of Jenkins Co

.

is $

53 .

Investors require a

12 %

rate of return on similar.

If the company plans to pay a dividend of $

2.85

next year, what growth rate is expected for the company

s stock price?

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