Problem 8-21 Expected Return (LG8-5) Ecolap Inc. (ECL) recently paid a $0.62 dividend. The dividend is expected to grow at a 14.50 percent rate. The
Problem 8-21 Expected Return (LG8-5) Ecolap Inc. (ECL) recently paid a $0.62 dividend. The dividend is expected to grow at a 14.50 percent rate. The current stock price is $59.32. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
