Question
The next dividend payment by Wyatt, Inc., will be $2.75 per share. The dividends are anticipated to maintain a growth rate of 7.00 percent, forever.
| The next dividend payment by Wyatt, Inc., will be $2.75 per share. The dividends are anticipated to maintain a growth rate of 7.00 percent, forever. |
| Required: |
| If the stock currently sells for $49.10 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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Personal Finance QuickStart Guide
Authors: Morgen Rochard
1st Edition
1945051019, 978-1945051012
