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Business, 26.06.2020 15:01 SebiZ3240

A stock 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 a constant 20% of earnings in the firm, what must be the discount rate

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A stock sells for $50. The next dividend will be $5 per share. If the rate of return earned on reinv...
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