Question
#17 Jand, Inc., currently pays a dividend of $1.62, which is expected to grow indefinitely at 6%. If the current value of Jands shares based
#17
Jand, Inc., currently pays a dividend of $1.62, which is expected to grow indefinitely at 6%. If the current value of Jands shares based on the constant-growth dividend discount model is $44.41, what is the required rate of return? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Bond Markets Analysis And Strategies
Authors: Frank J. Fabozzi, Francesco A. Fabozzi
10th Edition
026204627X, 978-0253337535
