Assume? ExxonMobil's price dropped to ?$37 overnight. Given the dividend growth rate of ExxonMobil of 4.00% and the last annual dividend of ?$1.80?, what is the implied required rate of return necessary to justify the new lower market price of $ 37?
What is the implied required rate of return necessary to justify the new lower market price of $ 37??
nothing?%
?(Round to two decimal? places.)