Question
Ecolap Inc. (ECL) recently paid a $0.58 dividend. The dividend is expected to grow at a 12.50 percent rate. The current stock price is $56.92.
Ecolap Inc. (ECL) recently paid a $0.58 dividend. The dividend is expected to grow at a 12.50 percent rate. The current stock price is $56.92. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Shareholders return %
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Managing Finance
Authors: CMI Books
1st Edition
1781252181, 978-1781252185
