Question
The common stock of NCP paid $1.25 in dividends last year. Dividends are expected to grow at an annual rate of 5.70 percent for an
The common stock of NCP paid $1.25 in dividends last year. Dividends are expected to grow at an annual rate of 5.70 percent for an indefinite number of years
a. If NCP's current market price is $26.45 per share, the stock's expected rate of return is enter your response here%. (Round to two decimal places.)
.b. If your required rate of return is 7.7 percent, the value of the stock would be $enter your response here. (Round to the nearest cent.)
c. You should sell or buy the stock because the expected rate of return is greater than or less than your required rate of return or the value of the stock is larger than or smaller than the current market price.(Select from the drop-down menus.)
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