posted by Shakenna Stephens .
Cox Wood Preserving, Inc. is expected to maintain a constant 2$ growth rates in its dividends, indefinitely. If the company just paid $2 dividend and the firm's stock is selling at $15. What is the required return on the company's stock?
Please clarify this phrase:
"constant 2$ growth rates"
Do you mean $2.00 or 2% or 20%?