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Chris Crushed Ice (CCI) is currently trading at a stock price of $10.84. CCI is expected to generate a return on equity (ROE) of 11%
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Chris Crushed Ice (CCI) is currently trading at a stock price of $10.84. CCI is expected to generate a return on equity (ROE) of 11% forever. CCI expects to pay out 91% of its earnings each year in dividends. How fast is CCI expected to grow going forward? (Please express your answer as a percent without the percent sign and please show at least 3 decimal places. For example, if you calculated a rate of return of 10.1%, please express this as 10.1)
Chris Crushed Ice (CCI) is currently trading at a stock price of $10.84. CCI is expected to generate a return on equity (ROE) of 11% forever. CCI expects to pay out 91% of its earnings each year in dividends. How fast is CCI expected to grow going forward? (Please express your answer as a percent without the percent sign and please show at least 3 decimal places. For example, if you calculated a rate of return of 10.1%, please express this as 10.1)
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