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Its dividend is expected to grow at a constant rate of 900p

Walter utilities is a dividend-paying company and is expected to pay an annual divident of $0.85 at the end of the year. Its dividend is expected to grow at a constant rate of 9.00%p per year. If walter's stock currently trades for $18.00 per share, what is the expected rate of return?

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Finance Basics: Its dividend is expected to grow at a constant rate of 900p

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Finance Basics: Its dividend is expected to grow at a constant rate of 900p

Reference No:- TGS01417653

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