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Estimate the annual required rate of return for BTO stock, using the Dividend Growth Model. BTO just paid an annual dividend of 56.77 per share,
Estimate the annual required rate of return for BTO stock, using the Dividend Growth Model. BTO just paid an annual dividend of 56.77 per share, and the concensus analyst estimate is that the dividend will grow at 6.1% each year. The current market value of BTO stock is $107.21 per share. Answer as a % to 2 decimal places (e.g. 12.34% as 12.34)
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
6th Canadian edition
1118644948, 978-1118805084, 1118805089, 978-1118644942
