Question
Prior, Inc., is expected to grow at a constant rate of 4 percent. If the company's next dividend is $3.15 and its current price is
Prior, Inc., is expected to grow at a constant rate of 4 percent. If the company's next dividend is $3.15 and its current price is $45, what is the required rate of return on this stock? (Do not round intermediate calculations. Round final answer to the nearest percent.)
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
