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The stock price of Jenkins Co. is $54.80. Investors require a 14 percent rate of return on similar stocks.





If the company plans to pay a dividend of $4.05 next year, what growth rate is expected for the company’s stock price?

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The stock price of Jenkins Co. is $54.80. Investors require a 14 percent rate of return on similar stocks.
If the company plans to pay a dividend of $4.05 next year, what growth rate is expected...