Question
The next dividend payment by Wyatt, Inc., will be $3.05 per share. The dividends are anticipated to maintain a growth rate of 4.00 percent, forever.
The next dividend payment by Wyatt, Inc., will be $3.05 per share. The dividends are anticipated to maintain a growth rate of 4.00 percent, forever.
| Required: |
| If the stock currently sells for $49.70 per share, what is the required return? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
| Required return | % |
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Financial And Insurance Formulas
Authors: Tomas Cipra
2010th Edition
3790829013, 978-3790829013
