Assume a constant growth rate g in dividends and stock


The current price of a stock (P_0) is $20 and last year's price (P_-1) was $18.87. The last dividend (D_0) is $2. Assume a constant growth rate (g) in dividends and stock price. What is the stock's return for the coming year?

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Financial Management: Assume a constant growth rate g in dividends and stock
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