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The stock price of Webber Co. is $53.80. Investors require a return of 12 percent on similar stocks. Required: If the company plans to pay

The stock price of Webber Co. is $53.80. Investors require a return of 12 percent on similar stocks.

Required: If the company plans to pay a dividend of $3.55 next year, what growth rate is expected for the companys stock price?

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