FINANCE- Gilliland Motor Inc, paid a $3.75 dividend last year
Question # 00124286
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Updated on: 10/26/2015 01:17 AM Due on: 11/25/2015
Can someone show me how to work out this problem: Gilliland Motor Inc, paid a $3.75 dividend last year. If Gilliland's return on equity is 24%, and its retention rate is 25%, what is the value of the common stock if the investors require a rate of return of 20%?
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Solution: FINANCE- Gilliland Motor Inc, paid a $3.75 dividend last year