Question
The market price of a stock is $21.98 and it is expected to pay a dividend of $1.59 next year. The required rate of return
The market price of a stock is $21.98 and it is expected to pay a dividend of $1.59 next year. The required rate of return is 11.86%. What is the expected growth rate of the dividend?
Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
