Question
gray manufacture is expected to pay dividend of 1.25 per share at the end of the year (d1=1.25). the stock sells for 27.50 per share
gray manufacture is expected to pay dividend of 1.25 per share at the end of the year (d1=1.25). the stock sells for 27.50 per share and its required rate of return is 12.1%. the dividend is expected to grow at some constant rate (g) forever. what's the expected growth rate?
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
978-0470499474
