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Last year, when the stock of Walnut Co. was selling for $59 a share, the dividend yield was 3.5 percent. Today, the stock is selling
Last year, when the stock of Walnut Co. was selling for $59 a share, the dividend yield was 3.5 percent. Today, the stock is selling for $65 a share. What is the current required return on this stock if the company maintains a constant dividend growth rate of 5 percent?
10.16 percent | ||
11.72 percent | ||
9.13 percent | ||
8.34 percent |
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