The next dividend payment by Blue Cheese, Inc., will be $1.89 per share. The div

Question

The next dividend payment by Blue Cheese, Inc., will be $1.89 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $38 per share, what is the required return? (Round your answer to 2 decimal places. (e.g., 32.16))

The next dividend payment by Blue Cheese, Inc., will be $1.89 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $38 per share, what is the required return? (Round your answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

  Required return

%

  Required return

%

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