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1)The common stock of cascade mining company is expected to pay a dividend of $1.25 next year. It's current price is $25. Assume that the
1)The common stock of cascade mining company is expected to pay a dividend of $1.25 next year. It's current price is $25. Assume that the firm's future dividend payments are expected to grow at some constant growth rate indefinitely. If the investors required rate of return on this stock is 12%, Compute the implied growth rate in dividends.
preference: i need more work shown instead of formulas only listed please
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