(Common stock valuation) Abercrombie & Fitch's common stock pays a dividend of $1.25. It is currently selling for $34.13. If the firn investors require a return of 12 percent on their investment from buying Abercrombie & Fitch stock, what growth rate would Abercro Fitch have to provide the investors? The growth rate Abercrombie & Fitch would have to provide the investors is %. (Round to two decimal places.).