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QUESTION
FFC stock is currently selling for $34. It paid end of the year dividend of $2.00 per share. Dividends are expected to grow at a constant rate of...
FFC stock is currently selling for $34.00. It paid end of the year dividend of $2.00 per share. Dividends are expected to grow at a constant rate of 4.5% indefinitely. Compute the expected rate of return on FFC stock.
