5.15 Use the following stock quote The expected growth rate in Citigroups dividends is 7% a year....

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5.15 Use the following stock quote

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The expected growth rate in Citigroup’s dividends is 7% a year. Suppose you use the discounted dividend model to price Citigroup’s shares. The constant growth dividend model would suggest that the required return on the Citigroup’s stock is what?

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Corporate Finance

ISBN: 9780071229036

6th International Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

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