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You've collected the following Information from your favorite financial website. According to your research, the growth rate in dividends for JC Penney for the previous
You've collected the following Information from your favorite financial website. According to your research, the growth rate in dividends for JC Penney for the previous 10 years has been -7.5 percent. Required: If Investors feel this growth rate will continue, what is the required return for JC Penney stock? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e.g., 32.16).) Required return %
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