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Arts and Crafts, Inc. wll pay a dividend 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. wll pay a dividend 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 calculatlons. Enter your answer as a whole percent.) Expected growth rate

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