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The stock price of Baskett Co. Is $54.00. Investors require a return of 14 percent on similar stocks. If the company plans to pay a

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The stock price of Baskett Co. Is $54.00. Investors require a return of 14 percent on similar stocks. If the company plans to pay a dividend of $3.65 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... 32.16.) Growth rate

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