The common stock of abc industries is valued at 4306 a, Financial Management

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The common stock of abc industries is valued at 4306 a

The common stock of ABC Industries is valued at $43.06 a share. The company increases their dividend by 6.6 percent annually and expects their next dividend to be $6.4. What is the required rate of return on this stock? Note: Enter your answer in percentages rounded off to two decimal points.

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Financial Management: The common stock of abc industries is valued at 4306 a

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Financial Management: The common stock of abc industries is valued at 4306 a

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