Question
Waterworks has a dividend yield of 12.35%. If its dividend is expected to grow at a constant rate of 9.92%, what must be the expected
| Waterworks has a dividend yield of 12.35%. If its dividend is expected to grow at a constant rate of 9.92%, what must be the expected rate of return on the companys stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Expected rate of return | % |
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Public Finance
Authors: Richard W. Tresch
2nd Edition
0126990514, 978-0126990515
