Question
The market price of a stock is $23.99 and it is expected to pay a dividend of $1.23 next year. The required rate of return
The market price of a stock is $23.99 and it is expected to pay a dividend of $1.23 next year. The required rate of return is 11.08%. 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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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
