What is the dividend growth that supports this stock price

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Question - Trojan's stock price is $80.00. The ROA is 18% and the payout is 25%. The expected dividend in one year is $4.00. The required return is 14% and the risk-free rate is 3%. Inflation is not given. What is the dividend growth that supports this stock price, if dividend growth is constant?

Reference no: EM132961821

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