AT&T currently (in 2020) pays $2.08 in dividends per share.Next year's (2021) dividends are expected to be
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AT&T currently (in 2020) pays $2.08 in dividends per share.Next year's (2021) dividends are expected to be $2.16 and the dividends are expected to grow at the same rate forever as the growth rate between 2020 and 2021.AT&T's stock price today is $29.75.What rate of return are shareholders requiring, given the above information?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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