Phillips Industries common stock currently sells for $50 and is expected to pay a dividend of $3.00

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Phillips Industries common stock currently sells for $50 and is expected to pay a dividend of $3.00 next year. Determine the implied growth rate for Phillips Industries dividends assuming that an investor's required rate of return on this stock is 14%.

Posted Date: Jun 26, 2024 04:56 AM

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Phillips Industries common stock currently sells for $50 and is expected to pay a dividend of $3.00

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