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(Common stockholder expected return ) Bennett, Inc. common stock currently sells for $22.75 per share. The company's executives anticipate a constant growth rate of 9.1
(Common stockholder expected return ) Bennett, Inc. common stock currently sells for $22.75 per share. The company's executives anticipate a constant growth rate of 9.1 percent and an end-of-year dividend of $1.50. a. What is your expected rate of return if you buy the stock for $22.75 ? b. If you require a return of 16 percent, should you purchase the stock?
answer in excel please
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