What must be the growth rate they expect of the firm

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Reference no: EM13878023

Eastern Electric currently pays a dividend of about $1.65 per share and sells for $30 a share.

If investors' required rate of return is 10%, what must be the growth rate they expect of the firm? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Growth rate ? %

Reference no: EM13878023

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