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Johnstown Supply Corporation stock is currently selling for $56.00. It is expected to pay a dividend of $4.00 at the end of the year. Dividends
Johnstown Supply Corporation stock is currently selling for $56.00. It is expected to pay a dividend of $4.00 at the end of the year. Dividends are expected to grow at a constant rate of 6.5% indefinitely. Compute the required rate of return on Johnstown Supply Corporation stock. Answer A)14.93% B)13.64% C)10.48% D)12.65%
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Adventure Capitalist The Ultimate Road Trip
Authors: Jim Rogers
1st Edition
0375509127, 978-0375509124
