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McKenna Motors is expected to pay a $3 per-share dividend at the end of the year (D1 $3). The stock sells for $28 per share
McKenna Motors is expected to pay a $3 per-share dividend at the end of the year (D1 $3). The stock sells for $28 per share and its required rate of return is 18.8 percent. The dividend is expected to grow at a constant rate, g, forever. What is the growth rate, g, for this stock? O 7.09% O 7.59% O 8.09% O 8.59% 6.59%
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