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You've collected the following information from your favorite financial website. 52-Week Price Lo 10.62 Acevedo .55 33.42 Georgette, Incorporated 1.54 69.50 YBM 2.00 13.95 Manta
You've collected the following information from your favorite financial website. 52-Week Price Lo 10.62 Acevedo .55 33.42 Georgette, Incorporated 1.54 69.50 YBM 2.00 13.95 Manta Energy .80 20.74 Winter Sports .32 Hi 79.30 55.81 130.93 50.24 35.00 Stock (Dividend) Required return Dividend PE Yield % Ratio 3.5 3.8 2.2 5.2 1.5 % 6 10 10 6 28 Close Price 15.80 40.43 88.97 15.43 ?? According to analysts, the growth rate in dividends for Acevedo for the previous 10 years has been 4.25 percent. If investors feel this growth rate will continue, what is the required return for the company's stock? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Net Change -.24 -.01 3.07 -.26 .18
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