Morgan Music has just paid a dividend of $2.20. The stock currently sells for $94.16 and investors require a 9.5 percent rate of return. At what long-run constant growth rate is the stock expected to grow?

Question

Quizplus · Accepted Answer

The Answer of Morgan Music has just paid a dividend of $2.20. The stock currently sells for $94.16 and investors require a 9.5 percent rate of return. At what long-run constant growth rate is the stock expected to grow?

Morgan Music Has Just Paid a Dividend of $2