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Steady As She Goes, inc. will pay a year-end dividend of $2 per share investors expect that dividend to grow at a rate of 5%
Steady As She Goes, inc. will pay a year-end dividend of $2 per share investors expect that dividend to grow at a rate of 5% indefinitely. a. if the stock currently sells for $40 per share,what is the rate of return on the stock? b. if the expected rate of return on the stock is 15.5% what is the stock price?
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