Question
The next dividend payment by ECY, Inc., will be $1.80 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever.
The next dividend payment by ECY, Inc., will be $1.80 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever. The stock currently sells for $35 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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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
11th edition
77861752, 978-0077861759
