Lincoln and Donovan's will pay a dividend of $5 per share in year 1.It sells at $60 a share, and firms in the same industry provide an expected rate of return of 14 percent.What must be the expected growth rate of the company's dividend?

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The Answer of Lincoln and Donovan's will pay a dividend of $5 per share in year 1.It sells at $60 a share, and firms in the same industry provide an expected rate of return of 14 percent.What must be the expected growth rate of the company's dividend?

Lincoln and Donovan's Will Pay a Dividend of $5 Per