Question
A stock just paid a dividend of $4.17 and is expected to maintain a constant dividend growth rate of 4.5 percent indefinitely. If the current
A stock just paid a dividend of $4.17 and is expected to maintain a constant dividend growth rate of 4.5 percent indefinitely. If the current stock price is $70, what is the required return on the stock?
Multiple Choice
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10.73%
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9.93%
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10.01%
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9.15%
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10.46%
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
