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  3. a stock sells for $50.00. the next dividend will b

A stock sells for $50.00. The next dividend will be $4.00 per share. If the...

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Finance

  1. A stock sells for $50.00. The next dividend will be $4.00 per share. If the return on equity is 15% and the company reinvests 60% of its earnings back into the company, what must the discount rate be?

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