Question: The stock price of Fujita Company is $ 5 3 . 2 0 . Investors require a return of 1 4 percent on similar stocks.

The stock price of Fujita Company is $53.20. Investors require a return of 14 percent on similar stocks. If the company plans to pay a dividend of $3.25 next year, what growth rate is expected for the companys stock price?

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