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Problem 8-2 Stock Values [LO1] The next dividend payment by Savitz, Inc., will be $2.16 per share. The dividends are anticipated to maintain a growth
Problem 8-2 Stock Values [LO1] The next dividend payment by Savitz, Inc., will be $2.16 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $44 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Required return % 10.82
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