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I. Stock growth rate Muhoney Motors' stock has arequired return of 10% and its stock trades at S50per share. The year-end dividend is expected to
I. Stock growth rate Muhoney Motors' stock has arequired return of 10% and its stock trades at S50per share. The year-end dividend is expected to be $1.00per share. After this payment, the dividend is expected to grow by 25%per year for the next three years After 4, the dividend is expected to grow at a constant rate ofx%per year forever. What is the stock's expected constant growth rate after t 4? In other words, what is X
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