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(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $ 2.75.It is currently selling for $ 35.72. If the firm's investors require
(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $ 2.75.It is currently selling for $ 35.72. If the firm's investors require a return of 9 percent on their investment from buying Abercrombie & Fitch stock, what growth rate would Abercrombie & Fitch have to provide the investors? round to two decimal places
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