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Steady As She Goes, Inc., will pay a year-end dividend of $2.9 per share. Investors expect the dividend to grow at a rate of 41

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Steady As She Goes, Inc., will pay a year-end dividend of $2.9 per share. Investors expect the dividend to grow at a rate of 41 percent Indefinitely a. If the stock currently sells for $25 per share, what is the expected rate of return on the stock? (Round your answer to 2 decimal places.) The expected rate of return on the took b. If the expected rate of return on the stock is 16.4 percent, what is the stock price? (Round your answer to the nearest cent.) The stock price

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