Question
The market price of a stock is $24.28 and it just paid a dividend of $1.30. The required rate of return is 11.55%. What is
The market price of a stock is $24.28 and it just paid a dividend of $1.30. The required rate of return is 11.55%. What is the expected growth rate of the dividend?
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Step by Step Solution
There are 3 Steps involved in it
Step: 1
To find the expected growth rate of the dividend we can use the dividend discount model DDM ...
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Step: 2
Step: 3
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
