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lowes has just calculated the equity cost of capital for Inc. using two different methods -- the CAPM and the DGM -- and arrived at

lowes has just calculated the equity cost of capital for Inc. using two different methods -- the CAPM and the DGM -- and arrived at exactly the same estimate. The risk-free rate is 2.1%; inc's Beta is 0.6; the market return is 9%. inc. pays dividends of $8 per year and its stock price is $100. Bob expects inc. to grow at what rate? Round your final answer to two decimal places and express it in % .

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