Question
An issue of common stock is selling for $57.20. The year end dividend is expected to be $2.95 assuming a constant growth rate of 7%.
An issue of common stock is selling for $57.20. The year end dividend is expected to be $2.95 assuming a constant growth rate of 7%. What is the required rate of return? (Round your answer to 1 decimal place.)
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Introduction To Finance Markets Investments And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
14th Edition
0470561076, 9780470561072
