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Wolverine Company warned $1.20 million for the fiscal year ending yesterday. The company also paid...

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Finance

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Wolverine Company warned $1.20 million for the fiscal year ending yesterday. The company also paid out 40 percent of its earning s dividends yesterday. The firm will continue to pay out 40 percent of its earnings as an end-of year vidends. The remaining 60 percent of earrings is retained by the company for use in projects. The company has 2.5 milion shares of common stock utstanding. The current stock price is $50. The storal return on equity Mob of 10 percent h expected to continue in the future What is the required rate of return on the stock /Hint the growth rate can be estimated as the product of the tentato and ROE Detention to ROER 9 NOK 9. OS

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