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Robertson Corporation just paid a dividend of $1.25 per share, and the stock currently sells for $25. Investors expect the firm o grow at a
Robertson Corporation just paid a dividend of $1.25 per share, and the stock currently sells for $25. Investors expect the firm o grow at a constant rate. If the discount rate is 15 percent, what constant dividend growth rate must be expected in the future to justify the current price?
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