Fin/571 – The Next Dividend Payment By Ecy, Inc., Will Be $1.84 Per Share

The next dividend payment by ECY, Inc. , will be $1. 84 per share. The dividends are anticipated to maintain a growth rate of 5 percent, forever. The stock currently sells for $36 per share. What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g. , 32. 16. )

Order Now