Suppose GDL just paid a dividend of $2 and the required return on the stock is 10%. What growth rate must investors expect if the stock currently sells for $53? Answer to 4 decimal places, for example 0.1234. 9.6364

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
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Suppose GDL just paid a dividend of $2 and the required return on the stock is 10%.
What growth rate must investors expect if the stock currently sells for $53?
Answer to 4 decimal places, for example 0.1234.
9.6364
Transcribed Image Text:Suppose GDL just paid a dividend of $2 and the required return on the stock is 10%. What growth rate must investors expect if the stock currently sells for $53? Answer to 4 decimal places, for example 0.1234. 9.6364
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