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The stock of New Horizon Inc. was expected to pay a $3 dividend last year and had an anticipated growth rate of 6%. The stock
The stock of New Horizon Inc. was expected to pay a $3 dividend last year and had an anticipated growth rate of 6%. The stock was selling for $39 at the time. What would be the expected rate of return for investors purchasing the stock at the current price of $39?
Round your calculations to the nearest 0.01%, i.e., two decimal places. Enter your answer as a percentage. E.g., if your answer is 12.34%, enter 12.34.
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