Question: Ecolap Inc. ( ECL ) recently paid a $ 0 . 6 8 dividend. The dividend is expected to grow at an 1 1 .

Ecolap Inc. (ECL) recently paid a $0.68 dividend. The dividend is expected to grow at an 11.50 percent rate. The current stock price is $62.92.
What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
 Ecolap Inc. (ECL) recently paid a $0.68 dividend. The dividend is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!