The stock just paid a dividend of 1 a share and the


Woidtke manufacturing's stock currently sells for $20 a share. The stock just paid a dividend of $1 a share and the dividend is expected to grow forever at a constant rate of 10% a year.

What is the stock's price one year later?

What is the required rate of return on this stock ?

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Financial Management: The stock just paid a dividend of 1 a share and the
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