What is the rate of growth of its dividend

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Turnips and Parsely common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend? What is the growth rate of the company? If the company's dividend payout ratio is 40%, what is the return on equity of this company? Please show your calculation.

Reference no: EM131178346

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