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Business, 17.12.2019 21:31 javink18

Steady as she goes inc. will pay a year-end dividend of $2.20 per share. investors expect the dividend to grow at a rate of 4% indefinitely. (a) if the stock currently sells for $22.00 per share, what is the expected rate of return on the stock? (do not round intermediate calculations. enter your answer as a whole percent.) (b) if the expected rate of return on the stock is 16.50%, what is the stock price? (do not round intermediate calculations.)

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