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Eastern Electric currently pays a dividend of about $1.67 per share and sells for $40 a share. b. If investors' required rate of return is
Eastern Electric currently pays a dividend of about $1.67 per share and sells for $40 a share. b. If investors' required rate of return is 10%, what must be the growth rate they expect of the firm? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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