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1. Keenan Co. is expected to maintain a constant 4.8 percent growth rate in its dividends indefinitely. If the company has a dividend yield of 6.9 percent, what is the required return on the company’s stock? (Round your answer to 2 decimal places. (e.g., 32.16))

2. Leslie's Unique Clothing Stores offers a common stock that pays an annual dividend of $1.60 a share. The company has promised to maintain a constant dividend. How much are you willing to pay for one share of this stock if you want to earn a 10.20 percent return on your equity investments?

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Financial Management, Finance

Category:- Financial Management
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