Question: Duke Blue Devil Inc. just paid a dividend of $ 2 . 0 0 . Its stock is now selling for $ 4 8 per

Duke Blue Devil Inc. just paid a dividend of $ $2.00 .$ Its stock is now selling for $ $48$ per share. The firm is $50 %$ as risky as the market. The expected return on the market is $14 %,$ and the yield on U $.$ S $.$ Treasury bonds is $11 % .$ If the market is in equilibrium, what rate of growth is expected?

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