Question
Suppose that I have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at
Suppose that I have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7% indefinitely. What would have to be my required return on the stock?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
