Question
Problem 7-4 Constant-Growth Model (LO3) Waterworks has a dividend yield of 14.78%. If its dividend is expected to grow at a constant rate of 33.33%,
Problem 7-4 Constant-Growth Model (LO3)
| Waterworks has a dividend yield of 14.78%. If its dividend is expected to grow at a constant rate of 33.33%, what must be the expected rate of return on the companys stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Expected rate of return | % |
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Personal Finance
Authors: Vickie L Bajtelsmit
2nd Edition
111959247X, 9781119592471
