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The stock price of Fujita Company is $53.90. Investors require a return of 13 percent on similar stocks. If the company plans to pay
The stock price of Fujita Company is $53.90. Investors require a return of 13 percent on similar stocks. If the company plans to pay a dividend of $3.60 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. Growth rate %
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur Keown, John Martin
12th edition
133423824, 978-0133423822
