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The next dividend payment by Skippy, Inc., will be $1.68 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever.
| The next dividend payment by Skippy, Inc., will be $1.68 per share. The dividends are anticipated to maintain a growth rate of 6 percent, forever. The stock currently sells for $32 per share. |
| What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
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Financial Management And Policy
Authors: James C. Van Horne
12th Edition
0130326577, 9780130326577
