Question
An issue of common stock is selling for $57.40. The year end dividend is expected to be $2.75 assuming a constant growth rate of 5%.
| An issue of common stock is selling for $57.40. The year end dividend is expected to be $2.75 assuming a constant growth rate of 5%. What is the required rate of return? (Round your answer to 1 decimal place.) |
11.8
10.3
9.8
9.3
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
