Question
he next dividend payment by Hoffman, Inc., will be $3.30 per share. The dividends are anticipated to maintain a growth rate of 2.75 percentforever. If
he next dividend payment by Hoffman, Inc., will be $3.30 per share. The dividends are anticipated to maintain a growth rate of 2.75 percentforever.
If the stock currently sells for $50.20 per share, what is the required return?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
18th edition
125969240X, 978-1259692406
