If investors require a rate of return of 124 what is the


A business paid a dividend last year of $2, and its stock is currently trading at $49 a share. If investors require a rate of return of 12.4, 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).

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Financial Management: If investors require a rate of return of 124 what is the
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