Question
A company has stock which costs $43.75 per share and pays a dividend of $2.20 per share this year. Thecompany's cost of equity is 9%.
A company has stock which costs $43.75 per share and pays a dividend of $2.20 per share this year. Thecompany's cost of equity is 9%. What is the expected annual growth rate of thecompany's dividends?
I have the answer. I need to know how to solve it on a finance calculator.
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Analysis for Financial Management
Authors: Robert c. Higgins
8th edition
73041807, 73041803, 978-0073041803
