Question
Suppose Paccar's current stock price is $96.30 and it is likely to pay a $2.99 dividend next year. Since analysts estimate Paccar will have a
Suppose Paccar's current stock price is $96.30 and it is likely to pay a $2.99 dividend next year. Since analysts estimate Paccar will have a 14.8 percent growth rate, what is its required return?(Round your answer to 2 decimal places.)
Required return
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
5th edition
321280299, 321280296, 978-0321280299
