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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

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 companys stock price?

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