If the company plans to pay a dividend of 410 next year


The stock price of Baskett Co. is $54.90. Investors require a return of 15 percent on similar stocks.

If the company plans to pay a dividend of $4.10 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.)

Growth rate             %

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Financial Management: If the company plans to pay a dividend of 410 next year
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