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please show work and round 2 decimal places wrong one please this one is the correct problem Common stock value Constant growth McCracken Roofing, Inc,
please show work and round 2 decimal places
wrong one please this one is the correct problem
Common stock value Constant growth McCracken Roofing, Inc, common stock paid a dividend of 51 34 per share last year. The company expects earnings and dividends 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 shore of S202 b. If McCracken expects both earnings and dividends to grow at an annual rate of 12%, what required rate of return would result in a price per share of $202 Common stock value-Constant growth McCracken Roofing, Inc common stock paid a dividend of 51 21 per share last year. The company expects earnings and dividends to grow at a tale of 7% per year for the foreseeable future a. What required rate of return for this stock would result in a price per share of $207 b. McCracken expects both earnings and dividends to grow at an annual rate of 11% what required rate of return would result in a price per share of $207 Step by Step Solution
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