An analyst gathered the following information for a stock and market parameters: stock beta = 1.47; expected
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Question:
An analyst gathered the following information for a stock and market parameters:
stock beta = 1.47;
expected return on the Market = 11.59%;
expected return on T-bills = 1.65%;
current stock Price = $6.89;
expected stock price in one year = $9.45;
expected dividend payment next year = $2.03.
Calculate the expected return for this stock. Please share your answer as a percentage rounded to 2 decimal places.
Related Book For
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
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