Janis Corp. just issued an annual dividend of ₱2.50 per share. The firm anticipates the growth rate in dividends will be 3% annually for the foreseeable future. If the current price is ₱61 per share, what is the required rate of return for the firm's equity?

a.

7.10%

b.

7.22%

c.

8.36%

d.

6.95%

Answer rating: 100% (QA)

Formula for calculating required return in dividend ... View the full answer