Question
The next dividend payment by ECY, Inc., will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 8 percent, forever.
| The next dividend payment by ECY, Inc., will be $2.12 per share. The dividends are anticipated to maintain a growth rate of 8 percent, forever. The stock currently sells for $43 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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Financial Management Theory And Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
3rd Canadian Edition
017658305X, 978-0176583057
