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Discuss rito stock is currently selling

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RITO stock is currently selling for $ 31.12 a share. If the company is expected to pay a dividend of $ 2.47 a year from now and dividends are expected to grow at 11.5 % 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%.

Reference no: EM131714658

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