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Q6 E2 Gilliland Motor, Inc., paid a $4.18 dividend last year. If Gilliland's return on equity is 19 percent, and its retention rate is 32
Q6 E2
Gilliland Motor, Inc., paid a $4.18 dividend last year. If Gilliland's return on equity is 19 percent, and its retention rate is 32 percent, what is the value of the common stock if the investors require a rate of return of 22 percent? The value of the common stock is $ . (Round to the nearest cent.)Step by Step Solution
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