What is the required return on the stock
Problem
A stock just paid a dividend of $4.01 and is expected to maintain a constant dividend growth rate of 4.7 percent indefinitely. If the current stock price is $66, what is the required return on the stock?
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A stock just paid a dividend of $4.01 and is expected to maintain a constant dividend growth rate of 4.7 percent. What is the required return on the stock?
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