Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. The current stock price is $44.12. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. The current stock price is $44.12. What is the return shareholders are expecting? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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