Question
The next dividend payment by Greiner, Inc., will be $2.14 per share. The dividends are anticipated to maintain a growth rate of 4.4 percent forever.
The next dividend payment by Greiner, Inc., will be $2.14 per share. The dividends are anticipated to maintain a growth rate of 4.4 percent forever. If the stock currently sells for $32 per share, what is the required return?
| Dividend | $3.08 |
| Dividend increase per year | 4.60% |
| Required Return (Return on Investment) | 11% |
| Stock Price = |
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Managing The Audit Function A Corporate Audit Department Procedures Guide
Authors: Michael P. Cangemi
2nd Edition
0471012556, 978-0471012559
