The market price of a stock is $24.28 and it just paid a dividend of $1.30. The
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Question:
The market price of a stock is $24.28 and it just paid a dividend of $1.30. The required rate of return is 11.55%. What is the expected growth rate of the dividend?
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Expert Answer:
To find the expected growth rate of the dividend we can use the dividend discount model DDM ... View the full answer
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