Estimate the growth rate, Stock of John Beere is selling

Estimate the growth rate

Reference no: EM13304552

Stock of John Beere is selling for $49.44 per share. John Beere is expected to pay a dividend of $5.296 per share, and the required return on similar stocks is 16.62%. Assuming that John Beere's dividends will grow at a constant rate in the future, estimate the growth rate.

a. 5.91%
b. 7.09%
c. 4.14%
d. 7.68%

Reference no: EM13304552

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