A stock with a price per share of $140 is expected to pay a dividend per share

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A stock with a price per share of $140 is expected to pay a dividend per share of $10.50 each year forever. What is the required return on the stock?

Round the final answer to 2 decimal places.

Related Book For answer-question

Intermediate Financial Management

ISBN: 9780357516669

14th Edition

Authors: Eugene F Brigham, Phillip R Daves

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Posted Date: Apr 04, 2024 02:08 AM

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A stock with a price per share of $140 is expected to pay a dividend per share

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Intermediate Financial Management

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