Question
The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is expected to grow at 2.69% forever. What is
The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is expected to grow at 2.69% forever. What is the required rate of return for the stock?
Answer format: Percentage Round to: 2 decimal places
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
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