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20. Hills Company is expected to have EPS in the upcoming year of $5.00. The expected ROE is 13%. An appropriate required return on the

20.

Hills Company is expected to have EPS in the upcoming year of $5.00. The expected ROE is 13%. An appropriate required return on the stock is 15%. If the firm has a plowback/retention ratio of 41%, its growth rate of dividends should be _____%. (keep two decimal places, for example, 6.54 for 0.0654)

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