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(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.50. It is currently selling for $36.15. If the firm's investors require a

(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.50. It is currently selling for $36.15. If the firm's investors require a return of 11 percent on their investment from buying Abercrombie & Fitch stock, what growth rate would Abercrombie & Fitch have to provide the investors?

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