The common stock of abc industries is valued at 394 a share


The common stock of ABC Industries is valued at $39.4 a share. The company increases their dividend by 4.3 percent annually and expects their next dividend to be $0.3. What is the required rate of return on this stock? That is, solve for r.

Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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Financial Management: The common stock of abc industries is valued at 394 a share
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