Question
Ecolap Inc. (ECL) recently paid a $0.52 dividend. The dividend is expected to grow at a 15.50 percent rate. The current stock price is $53.32.
Ecolap Inc. (ECL) recently paid a $0.52 dividend. The dividend is expected to grow at a 15.50 percent rate. The current stock price is $53.32.
| What is the return shareholders are expecting? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
