Question
A stock is expected to pay a dividend next year of $1.8. The dividend amount is expected to grow at an annual rate of 5.6%
A stock is expected to pay a dividend next year of $1.8. The dividend amount is expected to grow at an annual rate of 5.6% indefinitely. Assuming a required return on the stock of 10.3% in the future, the dividend yield on the stock is ______%.
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Financial Management And Policy
Authors: James C. Van Horne
11th Edition
0137512236, 9780137512232
