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Question 3 5 pts The last five annual dividends for MysteryCorp have been: $1.20, $1.37, $1.47, $1.55, and $1.63. Next year's dividend is expected to
Question 3 5 pts The last five annual dividends for MysteryCorp have been: $1.20, $1.37, $1.47, $1.55, and $1.63. Next year's dividend is expected to be $2. The current stock price is $183 per share. First, calculate the geometric average annual rate of growth based on the historical dividends (taking into account the previous five -- do *not* include next year's expected dividend in this calculation). Your estimate of Re, the cost of equity, is %. Margin of error for correct responses: +/- .10%. Rounding and Formatting instructions: Do not enter dollar signs, percent signs, or commas in your response. Do not round any intermediate work, but round your *final* response to 2 decimal places (example: if your answer is 12.3456%, you should enter 12.35)
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