Question 3 Listen A stock sells for $ 61.98. The next dividend will be $ 3.82 per share. If the expected return is 14 %, what must be the expected growth of the stock?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
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Question 3
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A stock sells for $61.98. The next dividend will be $ 3.82 per share. If the expected
return is 14 %, what must be the expected growth of the stock?
Your Answer:
Answer
Transcribed Image Text:Question 3 Listen A stock sells for $61.98. The next dividend will be $ 3.82 per share. If the expected return is 14 %, what must be the expected growth of the stock? Your Answer: Answer
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