Question
Facepage Inc. is having financial difficulty, and will have to reduce the dividend on their common stock by 5% per year for the foreseeable future.
Facepage Inc. is having financial difficulty, and will have to reduce the dividend on their common stock by 5% per year for the foreseeable future. The company just paid a dividend of $1 per share, and the stock is currently trading on the market at $12.50. What is the expected rate of return of the stock?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
