Alfa international paid $2.00 annual dividend on common stock and promises that the dividend will grow by

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Alfa international paid $2.00 annual dividend on common stock and promises that the dividend will grow by 4% per year. If the stock's market price for today is $20, what is required rate of return?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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