Question: Chapter 8 Homework Assignment Question 8 (of 8) value: 12.50 points Ecolap Inc. (ECL) recently paid a $0.42 dividend. The dividend is expected to grow

 Chapter 8 Homework Assignment Question 8 (of 8) value: 12.50 points

Chapter 8 Homework Assignment Question 8 (of 8) value: 12.50 points Ecolap Inc. (ECL) recently paid a $0.42 dividend. The dividend is expected to grow at a 10.50 percent rate. The current stock price is $47.32. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Shareholders return References eBook &Resources Worksheet Difficulty: 2 Intermediate

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