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(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $0.75. It is currently seling for $31.38. if the firm's investors require a

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(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $0.75. It is currently seling for $31.38. if the firm's investors require a return of 11 percent on theit investmont from buying Aberctombie \& Ficch stock, what growth rase would Abercrombie 8 Fitch have to provide the kevestors? The growth rate Abeccrombie \& Fitch would have to provide the imvestars is W. (Round to two decimal ploces)

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