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[answered] A share of common stock is currently selling for $27.73. Th


A share of common stock is currently selling for $27.73. The last dividend paid was $1.60 per share. The marketrate of return is 10%. At what rate is the dividend growing?

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Suppose the growth rate be x%. Share Price

 

27.73

 

27.73 (10% - x%)

 

2.773 - 27.73 (x%)

 

2.773 - 1.60

 

1.173

 

1.173 / 29.33

 

4.00% =

 

=

 

=

 

=

 

=

 

=

 

=

 

= Therefore, growth rate is 4% Last Dividend ( 1 + Growth...

 


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