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Dividend constant growth rate

Albright Motors is expected to pay a year-end dividend of $3.00 a share (D1 = $3.00). The stock currently sells for $30 a share. The required (and expected) rate of return on the stock is 16 percent. If the dividend is expected to grow at a constant rate, g, what is g?

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Albright Motors is expected to pay a year-end dividend of $3.00 a share (D1 = $3.00). The ...

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Response explains the steps to calculate dividend constant growth rate by an example

$2.19