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Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $11.44 per share,

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Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $11.44 per share, and the concensus analyst estimate is that the dividend will grow at 4% each year. The current market value of BTO stock is $127.93 per share. Answer as a % to 2 decimal places (e.g,12.34% as 12.34). Answer: Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $11.44 per share, and the concensus analyst estimate is that the dividend will grow at 4% each year. The current market value of BTO stock is $127.93 per share. Answer as a % to 2 decimal places (e.g,12.34% as 12.34)

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