In the past 3 years dividends have grown from 154 to 300


1. In the past 3 years dividends have grown from $1.54 to $3.00, what is the approximate growth rate?

2. If stock C currently pays a quarterly dividend of $0.30, and dividends and earnings are expected to continue growing at a rate of 6%, what would an investor with a required return of 11% be willing to pay for this stock.

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Financial Management: In the past 3 years dividends have grown from 154 to 300
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