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Suppose a company just paid dividend of $8.55. The dividend is expected to grow at 5.5% each year. If the stock is currently selling
Suppose a company just paid dividend of $8.55. The dividend is expected to grow at 5.5% each year. If the stock is currently selling for $116.19, 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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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
