Exxon-Mobil has a current stock price of $65 and just paid a dividend of $2.50....
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Exxon-Mobil has a current stock price of $65 and just paid a dividend of $2.50. The dividend is expected to grow at a constant rate annually. The required return on stocks of similar risk is determined to be 12%. What dividend growth rate would result in a value equal to its current market price?
5.85%
7.39%
6.85%
7.85%
6.39%
Exxon-Mobil has a current stock price of $65 and just paid a dividend of $2.50. The dividend is expected to grow at a constant rate annually. The required return on stocks of similar risk is determined to be 12%. What dividend growth rate would result in a value equal to its current market price?
| 5.85%
| ||
| 7.39% | ||
| 6.85%
| ||
| 7.85%
| ||
| 6.39%
|
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