The next dividend payment by Im, Incorporated, will be $2.55 per share. The dividends are anticipated to maintain a growth rate of 6.00 percent forever. If the stock currently sells for $48.70 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Required return %
The next dividend payment by Im, Incorporated, will be $2.55 per share. The dividends are anticipated to maintain a growth rate of 6.00 percent forever. If the stock currently sells for $48.70 per share, what is the required return? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Required return %
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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