The most recent dividend paid by a company was $1.25. The dividends are expected to maintain a
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The most recent dividend paid by a company was $1.25. The dividends are expected to maintain a constant growth rate of 6% forever. If the stock currently sells for $32.50 per share, what is the required return (round your answer to two decimal places)?
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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