jmt002
Oct 20, 2010, 07:30 AM
Company stock is currently selling for $80 per share. The expected dividend one year from now is $4 and the required return is 13%. What is the company's dividend growth rate assuming that dividends are expected to grow at a constant rate forever?
Possible answers:
11%, 8%, 10% and 9% (need to show how I got the answer.
Possible answers:
11%, 8%, 10% and 9% (need to show how I got the answer.