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The next dividend payment by Savitz, Incorporated, will be $4.55 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.
| The next dividend payment by Savitz, Incorporated, will be $4.55 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever. |
| If the stock currently sells for $57 per share, what is the required return? |
Multiple Choice
4.00%
7.98%
11.98%
11.38%
11.74%
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
