Question
Flowers Company is expected to pay a dividend of $1.00 per share at the end of the year. The stock sells for $22.50 per
Flowers Company is expected to pay a dividend of $1.00 per share at the end of the year. The stock sells for $22.50 per share, and its required rate of return is 10.0%. The dividend is expected to grow at some constant rate, g. forever, What is the implied growth rate?
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