Mccracken roofing inc common stock paid a dividend of 103, Financial Management

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Mccracken roofing inc common stock paid a dividend of 103

McCracken Roofing, Inc., common stock paid a dividend of $1.03 per share last year. The company expects earnings and dividends to grow at a rate of 6% per year for the foreseeable future.

a. What required rate of return for this stock would result in a price per share of $30?

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Financial Management: Mccracken roofing inc common stock paid a dividend of 103

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Financial Management: Mccracken roofing inc common stock paid a dividend of 103

Reference No:- TGS0985134

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