What required rate of return for this stock would result

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Reference no: EM13731917

McCracken Roofing, Inc., common stock paid a dividend of $1.03 per share last year. The company expects earnings and dividends to grow at a rate of 6% per year for the foreseeable future.

a. What required rate of return for this stock would result in a price per share of $30?

Reference no: EM13731917

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