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Estimate the annual required rate of return for BTO stock, using the Dividend Discount ...

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Accounting

Estimate the annual required rate of return for BTO stock, using the Dividend Discount
Model. BTO just paid an annual dividend of $20.55 per share, and the concensus analyst
estimate is that the dividend will grow at 7.1% each year. The current market value of BTO
stock is $144.04 per share. Answer as a % to 2 decimal places (e.g.,12.34% as 12.34).
Answer:
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