What required rate of return would result in price per share

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Reference no: EM131304123

Roofing, Inc., common stock paid a dividend of $ 1.02 per share last year. The company expects earnings and dividends to grow at a rate of 8% per year for the foreseeable future.

1) The required rate of return for this? stock, in order to result in a price per share of 22% is ______ Round to two decimal places

2) If Roofer expects both earnings and dividends to grow at an annual rate of 11%, what required rate of return would result in a price per share of $22.

Reference no: EM131304123

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