Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 5%. If Duke Energy's current stock price is $84 and the firm plans to pay a dividend of $540 next year, what is the required return on Duke's common stock? The required return on Duke's common stock is %. (Round to two decimal places.)

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 5%. If Duke Energy's current stock
price is $84 and the firm plans to pay a dividend of $5.40 next year, what is the required return on Duke's common stock?
The required return on Duke's common stock is %. (Round to two decimal places.)
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Transcribed Image Text:ne Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 5%. If Duke Energy's current stock price is $84 and the firm plans to pay a dividend of $5.40 next year, what is the required return on Duke's common stock? The required return on Duke's common stock is %. (Round to two decimal places.) nts eText edia Librai al Calculat er Resource Enter your answer in the answer box and then click Check Answer. mic Study les Check Answer Clear All All parts showing munication Tools 9:48 This course (Introduction to Finance (FIN-101-DO2) Distance Spring 20211 is hased on 7utter/Smart Drinrinles of Managerial Finance Rrief Re 4/13/2 O Type here to search ty2 insert トト (5 ..
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