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McCracken Roofing, Inc, common stock paid a dividend of $1.38 per share last year. The company expects earning and dividends to grow at a rate
McCracken Roofing, Inc, common stock paid a dividend of $1.38 per share last year. The company expects earning and dividends to grow at a rate of 9% per year for the foreseeable future. What required rate of return for this stock would result in a per share of $24? If McCracken expects both earnings and dividends to grow at an annual rate of 12%, what required rate of return would results in a price per share of $24
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