The expected constant-growth rate of dividends is ______% for a stock currently priced at $80, that just paid a dividend of $7, and has a required return of 15%?

Jefferson's recently paid an annual dividend of $7 per share. The dividend is expected to decrease by 2% each year. How much should you pay for this stock today if your required return is 12% (in $ dollars)? $______.

Answer rating: 100% (QA)

Growth rate Retention ratio X ROE Retention ratio 100Dividend pay... View the full answer