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(Comman stock valuation) Bates inc, pays a dividend of $2.00 and is currently seling for 534.35 If itvestors recuite s resum of 13 percent on

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(Comman stock valuation) Bates inc, pays a dividend of $2.00 and is currently seling for 534.35 If itvestors recuite s resum of 13 percent on their investment from buying Bstes stock. what growth rate would Bates inc, have to provide the investors? The growth rate Bales inc. would have to provide the investors is 4. (Round to fwo decimal places.)

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