Solved: What is the required return do not round intermediate, Business Management

What is the required return do not round intermediate

The next dividend payment by ECY, Inc., will be $1.84 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever. The stock currently sells for $36 per share.

What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Required return ------ %

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Business Management: What is the required return do not round intermediate

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