Question
Ecolap Inc. (ECL) recently paid a $0.64 dividend. The dividend is expected to grow at a 15.50 percent rate. The current stock price is $60.52.
| Ecolap Inc. (ECL) recently paid a $0.64 dividend. The dividend is expected to grow at a 15.50 percent rate. The current stock price is $60.52. |
| 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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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
