Question
Jand, Inc., currently pays a dividend of $1.36, which is expected to grow indefinitely at 4%. If the current value of Jands shares based on
| Jand, Inc., currently pays a dividend of $1.36, which is expected to grow indefinitely at 4%. If the current value of Jands shares based on the constant-growth dividend discount model is $34.66, what is the required rate of return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Rate of return | % |
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Applied Quantitative Finance
Authors: W.; T. Kleinkow; G. Stahl Hardle
1st Edition
3540434607, 978-3540434603
