Question
The stock of a company that is expected to pay a $3.50 dividend in one year and grow thereafter at an annual rate of 11%
The stock of a company that is expected to pay a $3.50 dividend in one year and grow thereafter at an annual rate of 11% is currently selling for $30.00 per share. What rate of return does the market require on this security?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
