Common stock valuation)

Caswell Publishing Co. Balance Sheet
June 29, 2019
Cost of preferred stock
June 29, 2019

(Common stock valuation) Gilliland Motor, Inc., paid a $3.83 dividend last year. If Gilliland’s return on equity is 28 percent, and its retention rate is 21 percent, what is the value of the common stock if the investors require a rate of return of 19 percent?

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