Question
A share of BAC common stock has just paid a dividend of $1.00. The market return is 12% and the beta is 1.5. The three
A share of BAC common stock has just paid a dividend of $1.00. The market return is 12% and the beta is 1.5. The three month T-bill rate is 4%. The expected long-run growth rate for this stock is 8 percent What is the required return for the stock ?What is the stock price?
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
