Implied growth rate of dividends


Problem:

Marjen, Inc. just paid a dividend of $5. Marjen stock currently sells for $73.57. The return on stocks like Marjen, Inc. is around 10%.

Requirement:

Question: What is the implied growth rate of dividends.

Note: Please explain comprehensively and give step by step solution.

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Accounting Basics: Implied growth rate of dividends
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