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Expected for the company stock price

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Reference no: EM131728500

The stock price of Baskett Co. is $53.40. Investors require a return of 12 percent on similar stocks.

If the company plans to pay a dividend of $3.35 next year, what growth rate is expected for the company's stock price? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM131728500

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