Question
Could you show how to calculate this answer in excel please and show the formulas in the cells that show how to calculate the answer?
Could you show how to calculate this answer in excel please and show the formulas in the cells that show how to calculate the answer?
The common stock of Polybius Inc. just paid an annual dividend of $ 0.69 . The dividend is expected to grow at a constant rate forever. The required rate of return for this stock is 13.1 percent. If the current price of the stock is $ 17.25 what is the expected growth rate of the dividends? Give your answer to the nearest .1%. Do not use the % sign in your answer. For example, if the answer is 9.2% enter your answer as 9.2 rather than .092 or 9.2%.
Answer: _______
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