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Common stock value-Constant growth McCracken Roofing in common stock paid a dividend of 51.03 per shore last year. The company expects earnings and dividends to

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Common stock value-Constant growth McCracken Roofing in common stock paid a dividend of 51.03 per shore last year. The company expects earnings and dividends to grow at a rate of 8% per year for the foreseeable future a. What required rate of return for this stock would result in a price per share of 5267 b. McCracken expects both earnings and dividends to grow at an annual rate of 115 what required rate of return would result in a price per share of 5267 a. The required rate of return for this stock. In order to result in a price per share of 526. I I. (Round to two decimal places)

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