Question
The next dividend payment by ECY, Inc., will be $1.84 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever.
The next dividend payment by ECY, Inc., will be $1.84 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever. The stock currently sells for $36 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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Investing In Financial Research A Decision Making System For Better Results
Authors: Cheryl Strauss Einhorn, Tony Blair
1st Edition
1501732757, 9781501732751
