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Common stock value-Constant growth McCracken Roofing, Inc., common stock paid a dividend of 51 32 per shate last year. The company expeds earnings and dividends

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Common stock value-Constant growth McCracken Roofing, Inc., common stock paid a dividend of 51 32 per shate last year. The company expeds earnings and dividends to grow at a rate of 4% per year for the foreseeable future. a. What required rate of return for this stock would result in a price per share of $207 b. McCracken expects both earnings and dividends to grow at an annual rate of 12%, what requlted rate of return would result in a price per share of $202 a. The required rate of return for this stock in order to result in a price per share of $20,1 % (Round to two decimal places.)

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