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The next dividend payment by Im, Incorporated, will be $2.50 per share. The dividends are anticipated to maintain a growth rate of 5.75 percent
The next dividend payment by Im, Incorporated, will be $2.50 per share. The dividends are anticipated to maintain a growth rate of 5.75 percent forever. If the stock currently sells for $48.60 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Required return %
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
