Question
Investors currently require a rate of return of 10 percent per annum on the shares of Nickel Corporation, whose dividend payment in the past year
Investors currently require a rate of return of 10 percent per annum on the shares of Nickel Corporation, whose dividend payment in the past year was $0.50. The current market price is $12.50. What is the implied long-run rate of growth in dividends?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
