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please answer all the parts with steps. 5. McCracken Roofing, Inc., common stock paid a dividend of $0.20 per share last year. The company expects
please answer all the parts with steps.
5. McCracken Roofing, Inc., common stock paid a dividend of $0.20 per share last year. The company expects earnings and dividends to grow at a rate of 5% for 5 years and then 3% per year for the foreseeable future. The expected rate of return equals 10%. What is the value of the stockStep by Step Solution
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