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The stock price of Jenkins Co. is $58. Investors require a 12.00 percent rate of return on similar stocks. Required: If the company plans to
The stock price of Jenkins Co. is $58. Investors require a 12.00 percent rate of return on similar stocks. |
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If the company plans to pay a dividend of $3.40 next year, what growth rate is expected for the companys stock price? (Select rounded answers as directed, but do not use the rounded numbers in intermediate calculations.) | ||||||||||
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