Question
Last week, Welch Industries paid their annual dividend of $1.04 on their common stock. The company predicts that the dividend will increase by 2.1% each
Last week, Welch Industries paid their annual dividend of $1.04 on their common stock. The company predicts that the dividend will increase by 2.1% each year indefinitely.
What is the required rate of return on this stock if this stock is currently selling for $28.24 per share?
Enter your answer as a decimal with a leading zero and 4 decimal places of precision
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
