Wonder Trees Inc. expects to pay the next dividend payment of $3.1 per share (D 1 ).
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Wonder Trees Inc. expects to pay the next dividend payment of $3.1 per share (D1). The company is expected to maintain a 3 percent growth rate forever. If the company stock currently sells for $49 per share, the required return should be ______ percent. Express in percentage without the % sign, and round it to two decimal places, e.g., 13.45
Related Book For
Corporate Finance Core Principles and Applications
ISBN: 978-0077905200
3rd edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford
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