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The stock of Alpha Co. is currently trading at $28.50. The company pays a dividend of $1.25. If investors require a 10 percent return on

The stock of Alpha Co. is currently trading at $28.50. The company pays a dividend of $1.25. If investors require a 10 percent return on their investment from buying Bates stock, what growth rate would Bates, Inc. have to provide the investors?

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