Ruffin Inc. just paid a dividend of $1.21 per share and the dividend is expected to grow by 7.5% forever. Assuming that investors require a 13% rate of return on their investment, calculate the expected return on capital gains. (Enter percentages as decimals and round to 4 decimal places)

Answer rating: 100% (QA)

To calculate the expected return on capital gains we can use the Gordon Growth Mo... View the full answer