What is the required rate of return on stock

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Reference no: EM132044215

Proxicam, Inc., is expected to grow at a constant rate of 7.50 percent. If the company’s next dividend, which will be paid in a year, is $1.01 and its current stock price is $22.35, what is the required rate of return on this stock? (Round intermediate calculations to 4 decimal places, e.g. 1.5325 and final answer to 2 decimal places, e.g. 17.50%.)

Rate of return %

Reference no: EM132044215

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