Stobin's Toys has decided to expand by opening 25 new stores. Yesterday Stobin's Toys paid a dividend
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Stobin's Toys has decided to expand by opening 25 new stores. Yesterday Stobin's Toys paid a dividend of $1.25. Stobin's Toys earned $75 after flotation costs. If Stobin's cost of issuing these shares was 15% what is the growth rate assumed using the Dividend Growth Model?
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