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McCracken Roofing ince common stock paid a dividend of $1.20 per share last year. The company expects earning and dividneds to grow at a rate
McCracken Roofing ince common stock paid a dividend of $1.20 per share last year. The company expects earning and dividneds to grow at a rate of 5% per year for the foreseeable future.
a) what required rate of return for this stock would result in a price per share of $28
b) if mccracken expects both eaarnings and dividneds 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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