IBM just paid a $2 dividend. The required rate of return for IBM stock is 22 percent. If a value of a share of IBM is expected to be $82.1516 at the end of year 2, Calculate IBM's expected growth rate?
possible answers:
a)16% b)11% c)11.5% d)18% e)10.5%
f)14.5% g)16.5% h)12% i)22.5% j)13.5%