Keenan co is expected to maintain a constant 36 percent, Financial Management

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Keenan co is expected to maintain a constant 36 percent

Keenan Co. is expected to maintain a constant 3.6 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 5.4 percent, what is the required return on the company’s stock? (Round your answer to 2 decimal places. (e.g., 32.16))

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Financial Management: Keenan co is expected to maintain a constant 36 percent

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