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Saturday, 17 November 2012

Waterworks has a dividend yield of 10.50%. If its dividend is expected to grow at a constant rate of 7.50%,

Waterworks has a dividend yield of 10.50%. If its dividend is expected to grow at a constant rate of 7.50%, what must be the expected rate of return on the company’s stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  Expected rate of return %  


Explanation:

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