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The stock price of Jenkins Co. is $58. Investors require a 12.00 percent rate of return on similar stocks. Required: If the company plans to

The stock price of Jenkins Co. is $58. Investors require a 12.00 percent rate of return on similar stocks.

Required:

If the company plans to pay a dividend of $3.40 next year, what growth rate is expected for the companys stock price? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.)

	6.14%
	17.86%
	5.86%
	6.75%
	5.53%

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