XYZ company is about to pay a dividend of $6.27 per share. The dividend is...
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Accounting
XYZ company is about to pay a dividend of $6.27 per share. The dividend is expected to grow at a rate of 12 percent annually. If the current cum-dividend stock price of XYZ is $61.06, what is the required rate of return?
Select one:
a. 24.8 percent
b. 12.8 percent
c. 58.5 percent
d. 23.4 percent
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