What implied return will investors receive at current price

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Crowe Industries trades at $20.81 per share. The company just paid a $1.42 per share dividend. Robert Knight, an analyst, estimates that dividends will grow at 3.34% per year going forward. If we value Crowe Industries using the constant growth model, what implied return will investors receive at the current price? Answer Format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

Reference no: EM132050205

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