The next dividend payment by DEF, Inc., will be $2.41 per share. The dividends are anticipated to maintain a growth rate of 6.21 percent forever. If the stock currently sells for $31.34 per share, what is the required return (in percent)? Answer to at least three decimals.
The next dividend payment by DEF, Inc., will be $2.41 per share. The dividends are anticipated to maintain a growth rate of 6.21 percent forever. If the stock currently sells for $31.34 per share, what is the required return (in percent)? Answer to at least three decimals.
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 12P
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