A stock sells for $20. The next dividend will be $3 per share. If the...
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A stock sells for $ The next dividend will be $ per share. If the rate of return earned on reinvested funds is a constant and the company reinvests a constant 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.
A stock sells for $ The next dividend will be $ per share. If the rate of return earned on reinvested funds is a constant and the company reinvests a constant 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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