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gray manufacturing is expected to pay a dividend of $1.25 per share at the end of the year. The stock sells for $27.50 per share,
gray manufacturing is expected to pay a dividend of $1.25 per share at the end of the year. The stock sells for $27.50 per share, and its required rate of return is 11.2%. the dividend is expected to grow at the same constant rate forever. What is the expected growth rate? round to 2 decimal places
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Financial Markets And Corporate Strategy
Authors: David Hillier , Mark Grinblatt , Sheridan Titman
2nd Edition
0077129423,0077141350
