Question
Duke Energy has been paying dividends steadily for 20 years. During thattime, dividends have grown at a compound annual rate of 6%. If DukeEnergy's current
Duke Energy has been paying dividends steadily for 20 years. During thattime, dividends have grown at a compound annual rate of 6%. If DukeEnergy's current stock price is $80 and the firm plans to pay a dividend of $7.40 nextyear, what is the required return onDuke's commonstock?
The required return onDuke's common stock is ______%?
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
