Question
A stock that pays a constant dividend of $1.50 forever currently sells for $ 10.71 . What is the required rate of return? Answer: 14%
A stock that pays a constant dividend of $1.50 forever currently sells for $ 10.71 . What is the required rate of return?
Answer: 14%
********PLEASE TRANSLATE HOW ANSWER WAS DETERMINED USING A FINANCIAL CALCULATOR*****************
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
