Question
The next dividend payment by Antique Preservation Ltd will be $1.25 per share. The dividends are anticipated to maintain a growth rate of 4.5% forever.
The next dividend payment by Antique Preservation Ltd will be $1.25 per share. The dividends are anticipated to maintain a growth rate of 4.5% forever. If the companys share currently sells for $28.75 per share, what is the required return? Show all work and formula(s) clearly. Round only the final answer to two decimal places, where applicable
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Municipal Finances A Handbook For Local Governments
Authors: Catherine D. Farvacque-Vitkovic, Mihaly Kopanyi
1st Edition
082139830X, 978-0821398302
