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Zander Industries' common stock currently sells for $50 and the firm is expected to pay a cash dividend of $4.00 one year from now. Determine
Zander Industries' common stock currently sells for $50 and the firm is expected to pay a cash dividend of $4.00 one year from now. Determine the implied growth rate for Zander Industries' stock price assuming that investors' required rate of return on this stock is 12 percent.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
