Use the Constant Dividend Growth Model to determine the expected annual growth rate of the...
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Finance
Use the Constant Dividend Growth Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $17.87 per share in one year. ELO shares are currently trading for $184.23 on the NYSE, and the expected annual rate of return for ELO shares is 14.42%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).
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