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The stock price of Fujta Company is $53.10. Investors require a return of 13 percent on similar stocks If the company plans to pay a

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The stock price of Fujta Company is $53.10. Investors require a return of 13 percent on similar stocks If the company plans to pay a dividend of $3.20 next year, what growth rate is expected for the company's stock price? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.9., 32.16

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