The common stock of polybius inc just paid an annual


The common stock of Polybius Inc. just paid an annual dividend of $ 0.83 . The dividend is expected to grow at a constant rate forever. The required rate of return for this stock is 12.5 percent. If the current price of the stock is $ 24.85 what is the expected growth rate of the dividends?

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Financial Management: The common stock of polybius inc just paid an annual
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