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Flowers company is expected to pay a dividend of $1.00 per share at the end...

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Finance

Flowers company is expected to pay a dividend of $1.00 per share at the end of the year. the stock sells for $22.50 per share, and its required rate of return is 10.0%. the dividend is expected to grow at some constant rate, g , forever. What is the implied growth rate?
a 4.40%
b 4.44%
c 4.94%
d 5.62%

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