Question
The market price of a stock is $29.25 and it is expected to pay a $3.62 dividend next year. The dividend is expected to grow
The market price of a stock is $29.25 and it is expected to pay a $3.62 dividend next year. The dividend is expected to grow at 3.87% forever. What is the required rate of return for the stock?
round 2 decimal
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
