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McCracken Roofing Inc. common stock paid a dividend of $1.20 per share last year.The company expects earnings and dividends to grow at a rate of
McCracken Roofing Inc. common stock paid a dividend of $1.20 per share last year.The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future.What required rate of return for this stock would result in a price per share of $28?If McCracken expects both earnings and dividends to grow at an annual rate of 10%, what required rate of return would result in a price per share of $28?
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