Global Travels, Inc. will make a dividend payment next year of $2.65 per share. After that,...

 

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Global Travels, Inc. will make a dividend payment next year of $2.65 per share. After that, the expectation is for the dividends to grow at a rate of 4.5 percent indefinitely. If the stock currently sells for $49.15 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.) Required return % Global Travels, Inc. will make a dividend payment next year of $2.65 per share. After that, the expectation is for the dividends to grow at a rate of 4.5 percent indefinitely. If the stock currently sells for $49.15 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.) Required return %

Answer rating: 100% (QA)

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