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Please show all work. You've collected the following information from your favorite financial website. Net Chg 52-Week Price Hi Lo 77.40 10.43 55.81 33.42 130.93
Please show all work.
You've collected the following information from your favorite financial website. Net Chg 52-Week Price Hi Lo 77.40 10.43 55.81 33.42 130.93 69.50 50.38 14.09 35.00 20.74 -24 Stock (Div) Palm Coal .36 Lake Lead Grp 1.54 SIR 2.00 DR Dime.94 Candy Galore 32 Div Yld % 2.6 3.8 2.2. 6. 1.5 PE Ratio 6 1e 10 6 28 Close Price 13.90 40.43 88.97 15.57 ?? -.01 3.07 -.26 .18 According to your research, the growth rate in dividends for DR Dime for the previous 10 years has been negative 14 percent. If investors feel this growth rate will continue, what is the required return for DR Dime stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer os e percent rounded to 2 decimal places, e.g. 32.16.) Required return %Step by Step Solution
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