Question
The common stock of Kyocera currently sells for $88.50 and its current dividend is $1.10. Determine the growth rate for Kyocera assuming that an investor's
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The common stock of Kyocera currently sells for $88.50 and its current dividend is $1.10. Determine the growth rate for Kyocera assuming that an investor's required rate of return is 14% and that earnings and dividends are expected to grow at a constant rate.
A. 13.9%
B. 12.3%
C. 13.8%
D. 12.6%
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
