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samualson samualson
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5 years ago
Crandle's common stock is currently selling for $79.00. It just paid a dividend of $4.60 and dividends are expected to grow at a rate of 5% indefinitely. What is the required rate of return on Crandle's stock?
A) 11.11%
B) 11.76%
C) 12.2%
D) 14.21%
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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samualson Author
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#2
5 years ago
White Heavy Checkmark
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#3
5 years ago
Don't forget to rate the answer too
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