What is the expected growth rate

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Reference no: EM132022599

Sidman Products's common stock currently sells for $47 a share. The firm is expected to earn $4.23 per share this year and to pay a year-end dividend of $3.10, and it finances only with common equity. If investors require a 9% return, what is the expected growth rate? Round your answer to two decimal places. Do not round your intermediate calculations.

Reference no: EM132022599

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