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Beam Industries just paid a dividend of $1.75 on its stock and the dividends are expected to grow at 5% indefinitely. The stock currently sells

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Beam Industries just paid a dividend of $1.75 on its stock and the dividends are expected to grow at 5% indefinitely. The stock currently sells for $55.00 per share. What is the return on the stock? What is the expected price at the end of year one (P:? After 1 year, interest rates rise, pushing the required return on Beam Industries stock higher by 2%, recalculate P. given the higher required return What is the revised price at the end of year one? Round all answers to two decimals. Give the return question in percentage without the percent sign. So, if you calculate the return answer to be .0438, you would answer 4.38 for 4.38%

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