What is the required rate of return
Problem
Jand, Incorporated, currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of Jand's shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return?
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If the current value of Jand's shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return?
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