Dukes Longhorn Steaks is currently selling for $50 per share and pays $3 in dividends. Investors require

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Dukes Longhorn Steaks is currently selling for $50 per share and pays $3 in dividends. Investors require 15 percent return on this stock. What is the expected growth rate o! dividends?

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Investments Analysis and Management

ISBN: 978-1118363294

12th edition

Authors: Charles P. Jones

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