Question
The next dividend payment by Dizzle, Inc., will be $3.00 per share. The dividends are anticipated to maintain a growth rate of 4.25 percent, forever.
The next dividend payment by Dizzle, Inc., will be $3.00 per share. The dividends are anticipated to maintain a growth rate of 4.25 percent, forever.
If the stock currently sells for $49.60 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 return %
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
