8. In September of 2004, Microsoft, Inc., was trading at $27.29 per share. At that time, Microsoft...
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8. In September of 2004, Microsoft, Inc., was trading at $27.29 per share. At that time, Microsoft was paying an annual dividend of $0.32 per share, which is double its 2003 dividend of $0.16 per share. If this trend is expected to continue, what is the required return on Microsoft?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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