Question
Consider a stock that is expected to paya dividend of $1.11 a year from now. The current price of the stock is $32.83. The expected
Consider a stock that is expected to paya dividend of $1.11 a year from now. The current price of the stock is $32.83. The expected rate of return on the stock is 5.4%. What must be the expected growth rate of the dividends? Enter your answer as a percentage. Do not enter the percentage sign into your answer.
Enter your response belowrounded to2 DECIMAL PLACES.
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
