The stock price of baskett co is 5350 investors require a, Finance Basics

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The stock price of baskett co is 5350 investors require a

Question: The stock price of Baskett Co. is $53.50. Investors require a return of 13 percent on similar stocks. If the company plans to pay a dividend of $3.40 next year, what growth rate is expected for the company's stock price? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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