What must be the expected rate of return on the company


Waterworks has a dividend yield of 5.75%. If its dividend is expected to grow at a constant rate of 2.75%, what must be the expected rate of return on the company's stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected rate of return %?

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Accounting Basics: What must be the expected rate of return on the company
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