Suppose that you have just purchased a share of stock for $22.51. The most recent dividend was $1.50 and dividends are expected to grow at a rate of 5% indeﬁnitely. What must your required
Return be on the stock?

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The Answer of Suppose that you have just purchased a share of stock for $22.51. The most recent dividend was $1.50 and dividends are expected to grow at a rate of 5% indeﬁnitely. What must your required
Return be on the stock?

Suppose That You Have Just Purchased a Share of Stock