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The stock price of Fujita Company is $53.40. Investors require a return of 12 percent on similar stocks. If the company plans to pay a
The stock price of Fujita Company is $53.40. Investors require a return of 12 percent on similar stocks. If the company plans to pay a dividend of $3.35 next year, what growth rate is expected for the company's stock price? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. The next dividend payment by Im, Incorporated, will be $2.90 per share. The dividends are anticipated to maintain a growth rate of 4.75 percent forever. If the stock currently sells for $49.40 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Five Star Corporation will pay a dividend of $4.50 per share next year. The company pledges to increase its dividend by 6.25 percent Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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