Question
The market price of a stock is $56.95 and it just paid $5.22 dividend. The dividend is expected to grow at 2.01% forever. What is
The market price of a stock is $56.95 and it just paid $5.22 dividend. The dividend is expected to grow at 2.01% 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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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
