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Score: 0 of 1 pt 8 of 10 (4 complete) HW Score: 29.03%, 9 of 31 pt Problem 8-18 (similar to) (Common stock valuation) Abercrombie

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Score: 0 of 1 pt 8 of 10 (4 complete) HW Score: 29.03%, 9 of 31 pt Problem 8-18 (similar to) (Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.00. It is currently selling for $32.02. If the firm's investors require a return of 10 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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