Arts and Crafts, Inc. will pay a dividend of $5 per share in 1 year. It sells at $50 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 companys dividends?

Arts and Crafts, Inc. will pay a dividend of $5 per share in 1 year. It sells at $50 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. Enter your answer as a whole percent.) Expected growth rate Skipped