Assume you currently own a stock like AT&T (T) which posts a dividend of $2.04 per year
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Assume you currently own a stock like AT&T (T) which posts a dividend of $2.04 per year on that share, and the current price is $39.23. Suppose that you and other investors expect to get about a 10.5% per year rate of return by owning the stocks of other very similar companies. If AT&T profits are expected to grow at 5.3% per year, what would be the dividend yield for this stock.
Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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