4.25 In its most recent corporate report,Williams, Inc., apologized to its stockholders for not paying a dividend.
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4.25 In its most recent corporate report,Williams, Inc., apologized to its stockholders for not paying a dividend. The report states that management will pay a $1 dividend next year.
That dividend will grow at 4 percent every year thereafter. If the discount rate is 10 percent, how much are you willing to pay for a share of Williams, Inc.?
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Related Book For
Corporate Finance
ISBN: 9780071229036
6th International Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
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