The market price of a stock is $30.97 and it is expected to pay a $3.56 dividend
Fantastic news! We've Found the answer you've been seeking!
Question:
The market price of a stock is $30.97 and it is expected to pay a $3.56 dividend next year. The dividend is expected to grow at 4.58% forever. What is the required rate of return for the stock?
Answer format: Percentage Round to: 0 decimal places
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date: