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Suppose Academy pays a dividend of $1.58 and is currently selling for $117. If investors require a 10% return on their investment from buying
Suppose Academy pays a dividend of $1.58 and is currently selling for $117. If investors require a 10% return on their investment from buying the stock, what growth rate would Academy have to provide the investors on it dividend? (Answer in percentage without the "%" sign. Round your answer to two decimal points)
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