Question
10) At the end of the year, ABC will pay a $4.14 dividend per share After that the dividend is expected to increase at a
10)
At the end of the year, ABC will pay a $4.14 dividend per share After that the dividend is expected to increase at a constant rate of 2% p.a. If you require a 12%p.a. return on the stock, what is the value of ABC stock? (round to the nearest cent; dont use $ sign)
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
1260247988, 978-1260247985
