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  3. the next dividend payment by savitz, inc., will be

The next dividend payment by Savitz, Inc., will be $4.95 per share. The dividends are...

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Question

Finance

The next dividend payment by Savitz, Inc., will be $4.95 per share. The dividends are anticipated to maintain a growth rate of 4 percent forever.

If the stock currently sells for $59 per share, what is the required return?

Multiple Choice

  • 11.77%

  • 12.14%

  • 8.39%

  • 12.39%

  • 4.00%

Answer & Explanation Solved by verified expert
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