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The stock price of Russell, Inc. is $82. Investors require a 17.9 percent rate of return on similar stocks. If the company plans to pay

The stock price of Russell, Inc. is $82. Investors require a 17.9 percent rate of return on similar stocks. If the company plans to pay a dividend of $7.11 next year, what growth rate (in percent) is expected for the company's stock price?

Please put the exact number. Thanks!

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