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Investors demand a rate of return of 12 percent on Kingbird Food Inc's common shares....

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Investors demand a rate of return of 12 percent on Kingbird Food Inc's common shares. These shares are currently trading at $20 per share. Dividend payout for the current year is expected to be $1.90 per share. (a) Your answer is correct What is the implied long-term growth rate that shareholders expect? (Round answer to 1 decimal place, e.g. 15.6%.) Growth rate 2.5 % eTextbook and Media Attempts: 1 of 3 used Using multiple attempts will impact your score. 30% score reduction after attempt 1 (b) If, because of a recession, the dividend growth rate is projected to be 0, what will be the new share value? (Round answer to 2 decimal places, e.g. 15.61.) Share price $

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