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Apac Corporation is expected to pay a dividend in one year that is equal to of the current stock price. Its equity cost of capital
Apac Corporation is expected to pay a dividend in one year that is equal to of the current stock price. Its equity cost of capital is , and its dividends are expected to grow at a constant rate. a. What is the expected growth rate of Apac's dividends? b. What is the expected growth rate of Apac's share price?
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