Question
#31 The market price of a stock is $24.90 and it is expected to pay a dividend of $1.29 next year. The required rate of
#31
The market price of a stock is $24.90 and it is expected to pay a dividend of $1.29 next year. The required rate of return is 11.16%. What is the expected growth rate of the dividend?
Answer format:Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
