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The next dividend payment by Mosby, Inc., will be $3.25 per share. The dividends are anticipated to maintain a 3.00 percent growth rate, forever If...

The next dividend payment by Mosby, Inc., will be $3.25 per share. The dividends are anticipated to maintain a 3.00 percent growth rate, foreverIf the stock currently sells for $50.10 per share, what is the required return?SOLUTION:Ke = (D₁ / P₀) + gKe = ($3.25 / $50.10) + 3%Ke 9.49%
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