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Emery Company just paid a dividend of $1.25 per share. The company's stock is currently selling for $60 per share, and the required rate of return on Emery Company stock is 16%. What is the growth rate expected for Emery Company dividends assuming constant growth?

13.92%

11.81%

12.25%

13.63%

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92401703

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