FINANCIAL & MANAG ACCT (CH. 1 - 24 EBOOK
9th Edition
ISBN: 9781264511068
Author: Wild
Publisher: MCG
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Hello tutor solve this question accounting
GeM Industries' common stock is currently
selling for $72.15 per share. Last year, the
company paid dividends of $1.25 per share.
The projected growth rate of dividends for
this stock is 4.85%. What rate of return does
an investor expect to receive on this stock if it
is purchased today?
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