The company increases their dividend by 3 percent annually, Financial Management

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The company increases their dividend by 3 percent annually

The common stock of ABC Industries is valued at $71.9 a share. The company increases their dividend by 3 percent annually and expects their next dividend to be $4.09. What is the required rate of return on this stock?

Note: Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.

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Financial Management: The company increases their dividend by 3 percent annually

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Financial Management: The company increases their dividend by 3 percent annually

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