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Basic Question 4 of 7

An analyst has gathered the following data to analyze a stock.

  • Current stock price: $20.
  • Expected price at the end of the next period: $22.
  • Current period earnings: $2.
  • Expected next period's earnings: $2.2.
  • Stable earnings growth rate to infinity: 6%.
  • Stable payout ratio: 50%.
  • Beta: 1.2.
  • Required rate of return: 12%.

Suppose now is the end of the current period. What is the expected rate of return for the next period?

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Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

calculate and interpret the value of a common stock using the dividend discount model (DDM) for single and multiple holding periods;

CFA® 2025 Level II Curriculum, Volume 3, Module 21.