Question
The market price of a stock is $50.32 and it just paid $4.51 dividend. The dividend is expected to grow at 4.69% forever. What is
The market price of a stock is $50.32 and it just paid $4.51 dividend. The dividend is expected to grow at 4.69% forever. What is the required rate of return for the stock?
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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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N. Hyman
5th Edition
0030113172, 978-0030113178
