Question: Steady As She Goes, Inc., will pay a year - end dividend of $ 2 . 1 per share. Investors expect the dividend to grow
Steady As She Goes, Inc., will pay a yearend dividend of $ per share. Investors expect the dividend to grow at a rate of percent indefinitely.
a If the stock currently sells for $ per share, what is the expected rate of return on the stock? Round your answer to decimal places.
The expected rate of return on the stock
b If the expected rate of return on the stock is percent, what is the stock price? Round your answer to the nearest cent.
The stock price $
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