Multiple Choice
Suppose that you have just purchased a share of stock for $22.51. The most recent dividend was $1.50 and dividends are expected to grow at a rate of 5% indefinitely. What must your required return be on the stock?
A) 5.00%
B) 7.00%
C) 10.25%
D) 12.00%
E) 13.67%
Correct Answer:
Verified
Correct Answer:
Verified
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