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The stock price of Fujita Company is $ 5 4 . 9 0 . Investors require a return of 1 5 percent on similar stocks.

The stock price of Fujita Company is $

54.90 .

Investors require a return of

15

percent on similar stocks. If the company plans to pay a dividend of $

4.10

next year, what growth rate is expected for the company

s stock price?

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