The stock of New Horizon Inc. was expected to pay $1 dividend last year and...
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Accounting
The stock of New Horizon Inc. was expected to pay $1 dividend last year and had an anticipated growth rate of 6%. The stock was selling for $28 at the time. What would be the expected rate of return for investors purchasing the stock at the current price of $28.
Round your calculations to the nearest 0.01% i.e., two decimal places. Enter your answer as a percentage. E.g., if your answer is 12.34% enter 12.34.
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