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A firm pays a current dividend of $1, which is expected to grow at a rate of 9% indefinitely. If the current value of the
A firm pays a current dividend of $1, which is expected to grow at a rate of 9% indefinitely. If the current value of the firm's shares is $109, what is the required return applicable to the investment based on the constant-growth dividend discount model (DDM)? (Do not round intermediate calculations.) Reguired rate of retum 315
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
