Question
The next dividend payment by Savitz, 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 Savitz, Inc., will be $1.80 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $35 per share, what is the required return?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
