D. S. Trucking Company stock pays a $1.50 dividend every year. A year ago the stock sold

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D. S. Trucking Company stock pays a $1.50 dividend every year. A year ago the stock sold for $25 per share, and its total return during the past year was 20%. What does the stock sell for today?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Related Book For  book-img-for-question

Introduction to Corporate Finance

ISBN: 978-0324657937

2nd edition

Authors: Scott B. Smart, William L Megginson

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