A business paid a dividend last year of 28 and its stock is


Question: A business paid a dividend last year of $2.8, and its stock is currently trading at $51 a share. If investors require a rate of return of 11.1, what is the implied growth rate for this company? Show your answer as a percentage to two decimal places (if you think the answer is .0793, record it as 7.93). The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A business paid a dividend last year of 28 and its stock is
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