Problemthe stock price of jenkins co is 57 investors, Ask an Expert

Finance

Problem:

The stock price of Jenkins Co. is $57. Investors require a 11.00 percent rate of return on similar stocks.

Required:

If the company plans to pay a dividend of $3.35 next year, what growth rate is expected for the company's stock price?

5.88%
5.63%
4.61%
5.12%
16.88%

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162243

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