Question
The next dividend payment by Zizzle, Inc., will be $2.24 per share. The dividends are anticipated to maintain a growth rate of 4.1 percent forever.
The next dividend payment by Zizzle, Inc., will be $2.24 per share. The dividends are anticipated to maintain a growth rate of 4.1 percent forever. If the stock currently sells for $42.82 per share, what is the required return?
(Do not round intermediate calculations and round your answer to percent with two decimals, i.e. 32.16)
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International Financial Management
Authors: Cheol Eun
9th Edition
1260788865, 9781260788860
