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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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
