Question: Problem 7-15 Constant-Growth Model (LO2) Astock sells for $25. The next dividend wil be $3 per share. If the rate of return earned on reinvested

Problem 7-15 Constant-Growth Model (LO2) Astock sells for $25. The next dividend wil be $3 per share. If the rate of return earned on reinvested funds is a constant 100 and the compony reinvests a constant 30% of earnings in the firm, what must be the discount rate? Note: Do not round your intermediate calculations. Enter your answer as a whole percent

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