5. Assume Coleco pays an annual dividend of $1.50 and has a share price of $37.50. It...

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5. Assume Coleco pays an annual dividend of $1.50 and has a share price of $37.50. It announces that its annual dividend will increase to $1.75. If its dividend yield is to stay the same, what should its new share price be?

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Fundamentals Of Corporate Finance

ISBN: 9781292018409

3rd Global Edition

Authors: Berk, Peter DeMarzo, Jarrad Harford

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