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2. A stock is expected to pay a dividend of $4 next year and is expected to maintain a constant dividend growth rate of 3
2. A stock is expected to pay a dividend of $4 next year and is expected to maintain a constant dividend growth rate of 3 percent indefinitely. If the current stock price is $76, what is the required return on the stock? (10 points)
2. A stock is expected to pay a dividend of S4 next year and is expected to maintain a constant dividend growth rate of 3 percent indefinitely. If the current stock price is $76, what is the required return on the stock? (10 points)Step by Step Solution
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