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Business, 23.12.2019 23:31 AriesTwice

Astock sells for $50. the next dividend will be $5 per share. if the rate of return earned on reinvested funds is a constant 15% and the company reinvests 20% of earnings in the firm, what must be the discount rate? (do not round intermediate calculations. enter your answer as a whole percent.) discount rate %

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