The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is
Fantastic news! We've Found the answer you've been seeking!
Question:
The market price of a stock is $56.29 and it just paid $5.77 dividend. The dividend is expected to grow at 2.69% forever. What is the required rate of return for the stock?
Answer format: Percentage Round to: 2 decimal places
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt , Eugene F. Brigham
Posted Date: