Question
Bates Inc. pays a dividend of $1.50 and is currently selling for $34.75. If investors require a return of 9% on their investment from buying
Bates Inc. pays a dividend of $1.50 and is currently selling for $34.75. If investors require a return of 9% on their investment from buying Bates stock, what growth rate would Bates Inc. have to provide the investors?
The growth rate Bates Inc. would have to provide the investors is_____ % (Round to two decimal places.)
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Financial Mathematics
Authors: Cacildo Marques
1st Edition
8741574710, 979-8741574713
