Question
The next dividend payment by Savitz, Inc., will be $2.85 per share. The dividends are anticipated to maintain a growth rate of 3 percent forever.
The next dividend payment by Savitz, Inc., will be $2.85 per share. The dividends are anticipated to maintain a growth rate of 3 percent forever. If the stock currently sells for $48 per share, what is the required return?
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
