Question
Blossom, Inc., is expected to grow at a constant rate of 8.75 percent. If the company's next dividend, which will be paid in a year,
Blossom, Inc., is expected to grow at a constant rate of 8.75 percent. If the company's next dividend, which will be paid in a year, is $1.26 and its current stock price is $22.35, what is the required rate of return on this stock?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
