Required Return Rate

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Question

The next dividend payment by Mosby, Inc., will be $3.30 per share. The dividends are anticipated to maintain a 2.75 percent growth rate, forever. Required: If the stock currently sells for $50.20 per share, what is the required return? (Do not include the percent sign (%). Round your answer to 2 decimal places (e.g., 32.16).) Jan 04 2014 07:50 AM

 

Solution ID:609201 | This paper was updated on 26-Nov-2015

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