Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
9) You've just bought a share of stock for $85. You plan to sell it next year. The company has been growing, and it plans
9)
You've just bought a share of stock for $85. You plan to sell it next year. The company has been growing, and it plans to increase the dividends by 9% each year, and it has just paid a $4.4 dividend on each share.
If you sell the share of stock next year, what will be your dividend yield over the coming year?
Write your answer in percent, but do NOT use "%" in your answer, and round your answer to TWO decimal places. For example, if you got 5.43% then simply type 5.43
Answer______________________
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started