Question
ohnstown Supply Corporation stock is currently selling for $58.00. It is recently paid a dividend of $5.00 at the end of the year. Dividends are
ohnstown Supply Corporation stock is currently selling for $58.00. It is recently paid a dividend of $5.00 at the end of the year. Dividends are expected to grow at a constant rate of 7.5% indefinitely. Compute the required rate of return on Johnstown Supply Corporation stock.
| 16.77% | ||
| 12.48% | ||
| 15.65% | ||
| 16.12% |
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National Finance A Chinese Perspective
Authors: Yunxian Chen, Heming Yong
1st Edition
9813360917, 978-9813360914
