Question
Suppose that you have just purchased a share of stock for $105. The most recent dividend was $2.3 and dividends are expected to grow at
Suppose that you have just purchased a share of stock for $105. The most recent dividend was $2.3 and dividends are expected to grow at a rate of 4% indefinitely. What must your required return be on the stock?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
