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The stock price of Fujita Company is $54.40. Investors require a return of 14 percent on similar stocks. If the company plans to pay a dividend of $3.85 next year, what growth rate is expected for the company's stock price? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Growth rate %

User Ricky Dam
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Answer:

Step-by-step explanation:

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The stock price of Fujita Company is $54.40. Investors require a return of 14 percent-example-1
The stock price of Fujita Company is $54.40. Investors require a return of 14 percent-example-2
User Jacob Ewing
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