You've collected the following information from your favorite financial website. 52-Weak Price Lo 10.43 Acevedo 36 33.42 Georgette, Incorporated 1.54 Hi 77.40 55.81 130.93 SQuin 35.00 Stock (Dividends Required retum 69.50 YBH 2.00 14.09 Manta Energy .04 20.74 Winter Sports 32 bividend (Ylel PE Ratia Close Prics lies Change 24 2.6 3.0 2.2 6.0 4.5 10 10 6 28 13.90 40.43 68.97 15.57 17 4.01 1.07 26 .18 According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 14 percent. If investors feel this growth rate will continue, what is the required return for the stock? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders:dividends And Share Repurchases
Section: Chapter Questions
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You've collected the following information from your favorite financial website.
52-Week Price
Lo
10.43 Acevedo 36
33.42
Georgette, Incorporated 1,54
69.50
YBH 2.00
14.09
Manta Energy .94
20.74 Winter Sports 32
Hi
77.40
55.81
130.93
50,38
35.00
Stock (Dividends
Required retum
Dividend
Yield PE Ratio Close Price liet Change
.24
2.6
3.0
2.2
6.0
4.5
6
10
10
60
13.90
40.43
68.97
15.57
22
-.01
3.07
.26
.18
According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 14 percent. If
Investors feel this growth rate will continue, what is the required return for the stock?
Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as o
percent rounded to 2 decimal places, e.g., 32.16.
Transcribed Image Text:You've collected the following information from your favorite financial website. 52-Week Price Lo 10.43 Acevedo 36 33.42 Georgette, Incorporated 1,54 69.50 YBH 2.00 14.09 Manta Energy .94 20.74 Winter Sports 32 Hi 77.40 55.81 130.93 50,38 35.00 Stock (Dividends Required retum Dividend Yield PE Ratio Close Price liet Change .24 2.6 3.0 2.2 6.0 4.5 6 10 10 60 13.90 40.43 68.97 15.57 22 -.01 3.07 .26 .18 According to your research, the growth rate in dividends for Manta Energy for the previous 10 years has been negative 14 percent. If Investors feel this growth rate will continue, what is the required return for the stock? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as o percent rounded to 2 decimal places, e.g., 32.16.
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