Problemthe stock price of tomboy inc is 4012 investors, Ask an Expert

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Problem:

The stock price of Tomboy, Inc. is $40.12. Investors require a 13.2 percent rate of return on similar stocks. If the company plans to pay a dividend of $4.81 next year,

Required:

Question: What growth rate is expected for the company's stock price?

Note: Please show how to work it out.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162069

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