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The stock price of Alps Co . is $ 5 3 . 2 0 . Investors require a return of 1 4 percent on similar

The stock price of Alps Co. is $53.20. Investors require a return of 14 percent on similar stocks.
If the company plans to pay a dividend of $3.25 next year, what growth rate is expected for the company's stock price? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
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