Mathematics, 25.02.2021 08:00, rebecabosca

The stock price of Alps Co. is $53.40. Investors require a return of 12 percent on similar stocks. If the company plans to pay a dividend of $3.35 next year, what growth rate is expected for the company’s stock price?

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The stock price of Alps Co. is $53.40. Investors require a return of 12 percent on similar stocks....