Question
The common stock of ABC Industries is valued at $71.84 a share. The company increases their dividend by4.9 percent annually and expects their next dividend
The common stock of ABC Industries is valued at $71.84 a share. The company increases their dividend by4.9 percent annually and expects their next dividend to be $3.79. What is the required rate of return on this stock?
Note: Enter your answer in percentages 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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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
