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Arts and Crafts, Inc., will pay a didend of $2 per share in 1 year. It sells at $40 a share and firms in the

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Arts and Crafts, Inc., will pay a didend of $2 per share in 1 year. It sells at $40 a share and firms in the same industry provide an expected rate of return of 14% What must be the expected growth rate of the company's dividends? (Do not round Intermediate calculations.) Expected growth rate

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