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(Common stock valuation) Bates Inc. pays a dividend of $1.25 and is currently selling for $31.80. If investors require a return of 10 percent
(Common stock valuation) Bates Inc. pays a dividend of $1.25 and is currently selling for $31.80. If investors require a return of 10 percent on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors? The growth rate Bates Inc. would have to provide the investors is %. (Round to two decimal places.)
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Finance for Executives Managing for Value Creation
Authors: Gabriel Hawawini, Claude Viallet
4th edition
9781133169949, 538751347, 978-0538751346
