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ABC Corporation's stock is selling for $35 in the market. The company's beta is 0.7, the market risk premium is 4 percent, and the risk-free
ABC Corporation's stock is selling for $35 in the market. The company's beta is 0.7, the market risk premium is 4 percent, and the risk-free rate 9 percent. The previous (last) dividend paid was $2.5 and dividends are expected to grow at a constant rate. What is the growth rate for this stock? Show computations
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Fundamentals Of Financial Accounting
Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby
7th Edition
1265440166, 978-1265440169
