Question
Suppose a company just paid dividend of $6.05. The dividend is expected to grow at 3.78% each year. If the stock is currently selling for
Suppose a company just paid dividend of $6.05. The dividend is expected to grow at 3.78% each year. If the stock is currently selling for $90.89, what is the required rate of return on the stock?
Enter your answer as a percentage rounded off to two decimal points. Do not enter % in the answer box.
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
