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Long's historical dividends are shown in the following table: 3. Find the required rate of return for this stock, assuming the future dividend growth rate

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Long's historical dividends are shown in the following table: 3. Find the required rate of return for this stock, assuming the future dividend growth rate will remain the same and the company has an infinite horizon. Assume the January 1, 2011 price of the stock was $36. What was the required return for Long's stock? What was the estimated annual required return for Long's stock? % (Round to two de - Data table (Click on the following icon in order to copy its contents into a spreadsheet.) 2006 Year Dividend 2005 $1.01 2007 $1.12 2008 $1.31 2009 $1.45 2010 $1.90 $1.07

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