What must be a company's dividend growth rate for its stock to have an expected value of

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What must be a company's dividend growth rate for its stock to have an expected value of $13.25, assuming its most recently paid dividend was $0.50 and the stock's required return is 10%?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Financial Management Theory And Practice

ISBN: 978-0176583057

3rd Canadian Edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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