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The next dividend payment by ECY, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever.
| The next dividend payment by ECY, Inc., will be $1.48 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever. The stock currently sells for $27 per share. |
| What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
| Required return | % |
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Finance For Housing An Introduction
Authors: Cathy Davis
1st Edition
1447306481, 978-1447306481
