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El Diablo Hot Sauce stock trades at $10.29 this morning. Analysts expect the hot sauce to heat up in the coming year. As a result,
El Diablo Hot Sauce stock trades at $10.29 this morning. Analysts expect the hot sauce to heat up in the coming year. As a result, they expect El Diablo to sell for $11.12 in one year. Investors want a 21.00% return to own El Diablo stock based on the risk. What dividend yield must El Diablo pay next year for the stock to be fairly priced today? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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