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Homework: HW_CH8 Save Score: 0 of 1 pt 8 of 10 (8 complete) HW Score: 40%, 12.4 of 31 pts X Problem 8-18 (similar to)
Homework: HW_CH8 Save Score: 0 of 1 pt 8 of 10 (8 complete) HW Score: 40%, 12.4 of 31 pts X Problem 8-18 (similar to) Question Help (Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.00. It is currently selling for $36.73. If the firm's investors require a return of 13 percent on their investment from buying Abercrombie & Fitch stock, what growth rate would Abercrombie & Fitch have to provide the investors? The growth rate Abercrombie & Fitch would have to provide the investors is %. (Round to two decimal places.)
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