The future earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow by 8% per year. Carpetto's common stock currently sells for $25.00 per share; its last dividend was $2.00, and it will pay a $2.16 dividend at the end of the current year. If the firm's bonds earn a return of 11%, based on the bond-yield-plus- risk-premium approach, what will be rs? Round your answer to two decimal places.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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The future earnings, dividends, and common stock price of Carpetto
Technologies Inc. are expected to grow by 8% per year. Carpetto's
common stock currently sells for $25.00 per share; its last dividend was
$2.00, and it will pay a $2.16 dividend at the end of the current year.
If the firm's bonds earn a return of 11%, based on the bond-yield-plus-
risk-premium approach, what will be rs? Round your answer to two
decimal places.
Transcribed Image Text:The future earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow by 8% per year. Carpetto's common stock currently sells for $25.00 per share; its last dividend was $2.00, and it will pay a $2.16 dividend at the end of the current year. If the firm's bonds earn a return of 11%, based on the bond-yield-plus- risk-premium approach, what will be rs? Round your answer to two decimal places.
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