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Business, 01.11.2019 04:31 demeckoferguson

Backford company just paid a dividend yesterday of $2.25 per share. the company's stock is currently selling for $60 per share, and the required rate of return on backford company stock is 16%. what is the growth rate expected for backford company dividends assuming constant growth? select one: a. 11.81% b. 10.87% c. 9.47% d. 9.89%

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