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(Common stock valuation) Gilliland Motor, Inc., paid a $4.14 dividend last year. If Gilliland's return on equity is 23 percent and its retention rate is
(Common stock valuation) Gilliland Motor, Inc., paid a $4.14 dividend last year. If Gilliland's return on equity is 23 percent and its retention rate is 33 percent what is the value of the common stock if the investors require a rate of return of 21 percent
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