Question: 8 points ) Maspeth Robotics shares are currently trading for $ 2 4 per share and have paid a dividend of $ 1 per share

8 points) Maspeth Robotics shares are currently trading for $24 per share and have paid a dividend of $1 per share for the most recent year. The following additional information is available: The risk-free rate is 4% per year The shares have an estimated beta of 1.20 The equity risk premium has been estimated as 5% Based on the information above, determine the constant dividend growth rate necessary to justify the $24 per share price.

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