Walter utilities is a dividend-paying company and is expected to pay an annual dividend of $1.45…
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Question “Walter utilities is a dividend-paying company and is expected to pay an annual dividend of $1.45…”
Walter utilities is a dividend-paying company and is expected to
pay an annual dividend of $1.45 at the end of the year. Its
dividend is expected to grow at a constant rate of 9.00% per year.
If Walter’s stock currently trades for $21.00 per share, what is
the expected rate of return? Enter percentage as a decimal, rounded
to three decimal places, i.e. 12.3% would be entered as 0.123.
Answer
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