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An analyst gathers the following information regarding Finesse Capital. Current price = $54 Current dividend = $1.80 Short-term supernormal growth rate = 12% Long-term
An analyst gathers the following information regarding Finesse Capital. Current price = $54 Current dividend = $1.80 Short-term supernormal growth rate = 12% Long-term sustainable growth rate = 3% The supernormal growth in dividends is expected to linearly decline over a period of 10 years. The required rate of return on the stock is closet to: Number % Round your answer to two decimals
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Investments Principles Of Portfolio And Equity Analysis
Authors: Michael McMillan, Jerald E. Pinto, Wendy L. Pirie, Gerhard Van De Venter, Lawrence E. Kochard
1st Edition
0470915803, 978-0470915806
