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QUESTION
Suppose that I have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7%...
Suppose that I have just purchased a share of stock for $23. The most recent dividend was $1.5 and dividends are expected to grow at a rate of 7% indefinitely. What would have to be my required return on the stock?
