Question
The next dividend payment by Dizzle, Inc., will be $2.60 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent, forever.
The next dividend payment by Dizzle, Inc., will be $2.60 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent, forever.
If the stock currently sells for $48.80 per share, what is the required return?
Thank you for your help!
The next dividend payment by Dizzle, Inc., will be $2.60 per share. The dividends are anticipated to maintain a growth rate of 6.25 percent, forever. If the stock currently sells for $48.80 per share, what is the required return? (Do not round intermediate calculations and round your answer to 2 decimal places, e,g., 32.16.) Required returnStep by Step Solution
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
