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QUESTION
RITO stock is currently selling for $ 37.65 a share. If the company is expected to pay a dividend of $ 2.29 a year from now and dividends are...
RITO stock is currently selling for $ 37.65 a share. If the company is expected to pay a dividend of $ 2.29 a year from now and dividends are expected to grow at 9.1 % thereafter, what is ks (or, required rate of return) for a share of RITO stock? Show your answer to the nearest .1%. Do not use the % sign in your answer. For example, if the answer is 9.2% enter your answer as 9.2 rather than .092 or 9.2%.
