CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0 50 per share dividend at the
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CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0 50 per share dividend at the end of the year (that is, D1 $0 50). The dividend is expected to grow at a constant rate of 7% a year. The required rate of return on the stock, rs, is 15%. What is the stock’s current value per share?
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Related Book For 
Fundamentals Of Financial Management Concise Edition
ISBN: 9781285065137
8th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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