A company currently pays a dividend of $1.63 which is expected to grow indefinitely at a constant

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A company currently pays a dividend of $1.63 which is expected to grow indefinitely at a constant rate. If the current value of the company's shares based on the constant-growth dividend-discount model is $26.25.

The required rate of return for the company's shares is 21.33%, the expected dividend growth rate is?

Related Book For answer-question

Corporate Finance A Focused Approach

ISBN: 978-1305637108

6th edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Posted Date: Jun 17, 2023 04:11 AM

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A company currently pays a dividend of $1.63 which is expected to grow indefinitely at a constant

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To determine the expected dividend growth rate we can use the constantgrowth dividenddiscount model ... View the full answer

Corporate Finance A Focused Approach

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