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03) The current price of Janco stock is $10.09. Dividends are expected to grow at 6.25% indefinitely and the most recent dividend paid yesterday was
03) The current price of Janco stock is $10.09. Dividends are expected to grow at 6.25% indefinitely and the most recent dividend paid yesterday was 53.72. Compute the following for Janco stock: a) The required rate of return: (1.5 points) b) The dividend yield: (1.0 points) c) Capital gains yield: (1.0 points)
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