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What growth rate is expected for the company stock price

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The stock price of Baskett Co. is $70.15. Investors require a return of 12.1 percent on similar stocks. If the company plans to pay a dividend of $5.9 next year, what growth rate is expected for the company's stock price? (Do not round intermediate calculations and round your answer to two decimal points, i.e. 32.16)

Reference no: EM132785484

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