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Serjik [45]
3 years ago
9

A stock just paid a dividend of $4.01 and is expected to maintain a constant dividend growth rate of 4.7 percent indefinitely. I

f the current stock price is $66, what is the required return on the stock?
Business
1 answer:
svlad2 [7]3 years ago
4 0

Answer:

11.06%

Explanation:

According to the given situation, the computation of the required return on the stock is shown below:-

Required rate of return = Current Dividend × (1 + growth) ÷ Current Price + Growth

= $4.01 × (1 + 4.7%) ÷ 66 + 4.7%

= 11.06%

Therefore for computing the required rate of return we simply applied the above formula.

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