The common stock of ABC Industries is valued at $61.2 a share.
January 10th, 2018
The common stock of ABC Industries is valued at $61.2 a share. The company increases their dividend by 2.6 percent annually and expects their next dividend to be $3.5. What is the required rate of return on this stock? That is, solve for r.Note: Enter your answer rounded off to two decimal points. Do not enter % in the answer box. For example, if your answer is 0.12345 then enter as 12.35 in the answer box.