Business, 12.08.2020 06:01, kianadomingo2806

Jand, Inc., currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the current value of Jand’s shares based on the constant-growth dividend discount model is $32.03, what is the required rate of return? (Do not round intermediate calculations. Round your answer to the nearest whole percent.)

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Jand, Inc., currently pays a dividend of $1.22, which is expected to grow indefinitely at 5%. If the...