Question
The next dividend payment by Blue Cheese, Inc., will be $1.44 per share. The dividends are anticipated to maintain a growth rate of 6 percent
The next dividend payment by Blue Cheese, Inc., will be $1.44 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. If the stock currently sells for $26 per share, what is the required return? (Round your answer to 2 decimal places. (e.g., 32.16))
| Required return | % |
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
