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Question 2 0.5 pts (Common stock valuation) Bates Inc. pays a dividend of $2.25 (DO) and is currently selling for $33.45. If investors require a

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Question 2 0.5 pts (Common stock valuation) Bates Inc. pays a dividend of $2.25 (DO) and is currently selling for $33.45. If investors require a return of 12 percent on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors? (round to 2 decimals and assume %)

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