Question
The next dividend payment by ECY, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent, forever.
The next dividend payment by ECY, Inc., will be $1.56 per share. The dividends are anticipated to maintain a growth rate of 4 percent, forever. The stock currently sells for $29 per share.
What is the required return? |
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Basic Finance An Introduction To Financial Institutions, Investments, And Management
Authors: Herbert B. Mayo
12th Edition
1337691011, 978-1337691017
