Question
The common stock of ABC Industries is valued at $61.2 a share. The company increases their dividend by2.6 percent annually and expects their next dividend
The common stock of ABC Industries is valued at $61.2 a share. The company increases their dividend by2.6 percent annually and expects their next dividend to be $3.5. What is the required rate of return on this stock? That is, solve for r.
Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box.For example, if your answer is 0.12345 then enter as 12.35 in the answer box.
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Entrepreneurship Successfully Launching New Ventures
Authors: Bruce R. Barringer, R. Duane Ireland
4th Edition
0132555522, 978-0132555524
