Question: Chapter 08 i 2 The next dividend payment by Savitz, Inc., will be $1.92 per share. The dividends are anticipated to maintain a growth rate

 Chapter 08 i 2 The next dividend payment by Savitz, Inc.,

Chapter 08 i 2 The next dividend payment by Savitz, Inc., will be $1.92 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. If the stock currently sells for $38 per share, what is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 12.5 points Required return % 02:02:14 eBook

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