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The next dividend payment by Dizzle, Inc., will be $2.70 per share. The dividends are anti

The next dividend payment by Dizzle, Inc., will be $2.70 per share. The dividends are anti

The next dividend payment by Dizzle, Inc., will be $2.70 per share. The dividends are anticipated to maintain a growth rate of 6.75 percent, forever. If the stock currently sells for $49.00 per share, what is the required return?

I keep getting 12.63%. Please explain.

 

Abhinav 02-Dec-2019

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