Business, 30.03.2020 18:59, kkeith121p6ujlt

A stock sells for $60. The next dividend will be $3 per share. If the rate of return earned on reinvested funds is 10% and the company has a payout ratio of 40% of earnings in the firm, what must be the discount rate (r)?

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A stock sells for $60. The next dividend will be $3 per share. If the rate of return earned on reinv...