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Business, 20.11.2020 14:00 Kaitneedshelps

Holt Fasner is considering purchasing the stock of United Mining Companies, which he plans to hold indefinitely. United Mining just paid an annual dividend of $2.00 and the price of the stock is $45 per share. The earnings and dividends of the company are expected to grow forever at a rate of 6 percent per year. What annual rate of return does Holt expect on his investment?

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Holt Fasner is considering purchasing the stock of United Mining Companies, which he plans to hold i...
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