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ABC manufacturing is expected to pay a dividend of $1.00 per share at the end of the year (D1 = $1.00 ). The stock sells
ABC manufacturing is expected to pay a dividend of $1.00 per share at the end of the year (D1 = $1.00 ). The stock sells for $40 per share, and it's required rate of return is 11%. The dividend is expected to grow at a constant rate, g, forever. What is ABC's expected growth rate?
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Contemporary Financial Management
Authors: Don Cyr, Alfred Kahl, William Rentz, R. Moyer
1st Edition
017616992X, 978-0176169923
