
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN: 9781337514835
Author: MOYER
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Please solve and show work for general accounting question

Transcribed Image Text:Orion Corp. is expected to pay its next dividend of $2.40 per
share. The dividends are expected to grow at a constant rate of
6.2% per year, indefinitely. If the stock currently sells for $55.00
per share, what is the required rate of return?
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