Gillian motor inc paid a 3.85 dividend last year if Gilliands return on equity is 29 percent
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Question:
Gillian motor inc paid a 3.85 dividend last year if Gilliands return on equity is 29 percent and its retention is 29 percent what is the value of the common stock if the investors require a rate of return of 18 percent?
The value of the common stock is round to nearest cent
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