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Billys Bouillons, a dehydrated soup manufacturer, currently expects to pay dividends of $2.48 next year. You and the rest of the investors in the market
Billys Bouillons, a dehydrated soup manufacturer, currently expects to pay dividends of $2.48 next year. You and the rest of the investors in the market think the correct discount rate for Billys Bouillons stock is 14%. If the price today is $39.95, what is the long term growth expected for Billys Bouillons? (Please express your answer as a percentage without the percent sign and please show at least 3 decimal points. For example, if you calculated a rate of return of 10.1% or .101, please express this as 10.1)
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