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Tutor, I need help with this please. The sto...

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Tutor, I need help with this please. The stock price of Sharpie Co. is $49. Investors require a 16 percent rate of return on similar stocks. If the company plans to pay a dividend of $2.15 next year, what growth rate is expected for the company?s stock price?,I understand it all except the last step where you have the 0.16-g = 0.043877551 g = .116122449 what did you do there to get the .116122449

 

Paper#8637 | Written in 18-Jul-2015

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