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(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.75. It is currently selling for $ 32.25. If the firm's investors require
(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.75. It is currently selling for $ 32.25. If the firm's investors require a return of 8 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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