the stock? (Hint: Don't merge the two different dividend streams, do their PV separately. 4)...
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the stock? (Hint: Don't merge the two different dividend streams, do their PV separately. 4) The common stock of Cascade Mining Company is expected to pay a dividend of $1.25 next year. Its current price is $25. Assume that the firm's future dividend payments are expected to grow at some constant growth rate indefinitely. If the investors' required rate of return on this stock is 12%, compute the implied growth rate in dividends
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