Xytex products just paid a dividend of 217 per share and, Financial Management

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Xytex products just paid a dividend of 217 per share and

Question

Xytex Products just paid a dividend of $2.17 per share, and the stock currently sells for $40. If the discount rate is 13 percent, what is the dividend growth rate?

(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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Financial Management: Xytex products just paid a dividend of 217 per share and

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Financial Management: Xytex products just paid a dividend of 217 per share and

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