Question
Problem 7-2 Stock Values [LO 1] The next dividend payment by Dizzle, Inc., will be $3.20 per share. The dividends are anticipated to maintain a
Problem 7-2 Stock Values [LO 1]
The next dividend payment by Dizzle, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 3.25 percent, forever.
If the stock currently sells for $50.00 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Required return ___________%
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Derivatives And Internal Models
Authors: H. Deutsch
4th Edition
1349307661, 9781349307661
