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% The common stock of General Land Development Company (GLDC) is expected to pay a dividend of $1.5 next year and currently sells for $29.
% The common stock of General Land Development Company (GLDC) is expected to pay a dividend of $1.5 next year and currently sells for $29. Assume that the firm's future dividend payments are expected to grow at a constant rate for the foreseeable future. Determine the implied growth rate of GLDC's dividends (and earnings), assuming that the required rate of return of investors is 10 percent. Round your answer to the nearest whole number. %
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The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management
Authors: Rui Zhi Dong
1st Edition
B0B3NV2H9M, 979-8850611453
