Question
Eastern Electric currently pays a dividend of about $1.65 per share and sells for $30 a share. If investors' required rate of return is 10%,
Eastern Electric currently pays a dividend of about $1.65 per share and sells for $30 a share.
If investors' required rate of return is 10%, what must be the growth rate they expect of the firm? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Growth rate ???? %
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Financial Management Theory And Practice
Authors: Prasanna Chandra
9th Edition
9339222571, 978-9339222574
