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Bates Inc. pays a dividend of 2.25 and is currently selling for $31.95. If investors require a return of 16 percent on their investment from
Bates Inc. pays a dividend of 2.25 and is currently selling for $31.95. If investors require a return of 16 percent on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors?
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