Mccracken roofing, inc., common stock paid a dividend of $1.161.16 per share last year. the company expects earnings and dividends to grow at a rate of 66 % per year for the foreseeable future.
a. what required rate of return for this stock would result in a price per share of $2222 ?
b. if mccracken expects both earnings and dividends to grow at an annual rate of 1111 %, what required rate of return would result in a price per share of $2222 ?
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