Question: Assignment 5 Help Se 2 Problem 7-15 Constant-Growth Model (LO2) 10 points A stock sells for $20. The next dividend will be $3 per share.

Assignment 5 Help Se 2 Problem 7-15 Constant-Growth Model (LO2) 10 points A stock sells for $20. The next dividend will be $3 per share. If the rate of return earned on reinvested funds is a constant 10% and the company reinvests a constant 30% of earnings in the firm what must be the discount rate? (Do not round your intermedinte calculations. Enter your answer as a whole percent.) Discount rate References

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