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Emery Cat Products, Inc. has a beta of 0.8 and is priced at $115 per share. They just paid a dividend of $1.80 and the

Emery Cat Products, Inc. has a beta of 0.8 and is priced at $115 per share. They just paid a dividend of $1.80 and the risk-free rate is 3% and the market risk premium is 6%. What growth rate does the market expect for their stock?

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