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Grant Corporations stock is selling for $40 in the market. The required rate of return is 13.8%. The previous dividend was $2 (i.e., D 0
Grant Corporations stock is selling for $40 in the market. The required rate of return is 13.8%. The previous dividend was $2 (i.e., D0 = $2) and dividends are expected to grow at a constant rate. What is the growth rate for this stock?
Please explain and show your work with calculations.
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