Question
A company currently pays a dividend of $1.07 which is expected to grow indefinitely at a constant rate.If the current value of the company's shares
A company currently pays a dividend of $1.07 which is expected to grow indefinitely at a constant rate.If the current value of the company's shares based on the constant-growth dividend-discount model is $23.91 and the required rate of return for the company's shares is 24.06%, the expected dividend growth rate is_____% per year. (Note: answer must be accurate to 2 decimal places.)
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
