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Suppose that you have a stock that expects to pay out 52.6% of its net income as dividends. You have used the CAPM to estimate

Suppose that you have a stock that expects to pay out 52.6% of its net income as dividends. You have used the CAPM to estimate the required return on equity for its stock as 16.2%. Based on this, one would assume that the firm should grow by __.__% next year. Round your answer to 2 decimal places.

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