The Common Stock of Kyocera Currently Sells for $88

question 124

Multiple Choice

The common stock of Kyocera currently sells for $88.50 and its last (D₀) dividend was $1.10. Determine the implied constant growth rate for Kyocera assuming it returns 14%.

• A)13.9%
• B)12.3%
• C)13.8%
• D)12.6%

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