#25 The market price of a stock is $55.08 and it just paid $4.68 dividend. The dividend...
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#25
The market price of a stock is $55.08 and it just paid $4.68 dividend. The dividend is expected to grow at 3.38% forever. What is the required rate of return for the stock?
Answer format:Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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