Bates Inc. pays a dividend of $ 1 and is currently selling for $ 32.50. If investors

Question:

Bates Inc. pays a of $ 1 and is currently selling for $ 32.50. If investors require a 12 percent return on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors? Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...