Question
The market price for Earnest Corporation common stock is $4 per share. The price at the end of 1 year is expected to be $49,
The market price for Earnest Corporation common stock is $4 per share. The price at the end of 1 year is expected to be $49, and dividends for next year should be $1.25. What is the expected rate of return?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
