Question
Listen ReadSpeaker webReader: Listen The common stock of Darkover Inc. just paid an annual dividend of $1.00. The dividend is expected to grow at a
Listen ReadSpeaker webReader: Listen
The common stock of Darkover Inc. just paid an annual dividend of $1.00. The dividend is expected to grow at a constant rate forever. The required rate of return for this stock is 9.3 percent. If the current price of the stock is $ 37.31 what is the expected growth rate of the dividends? Give your answer to the nearest .1%.
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Financial Crimes
Authors: Maximilian Edelbacher, Peter Kratcoski, Michael Theil
1st Edition
0367866528, 978-0367866525
