Question
22- 1-JEN Corp. is expected to pay a dividend of $6.00 per year indefinitely. If the appropriate rate of return on this stock is 8
22- 1-JEN Corp. is expected to pay a dividend of $6.00 per year indefinitely. If the appropriate rate of return on this stock is 8 percent per year, and the stock consistently goes ex-dividend 20 days before dividend payment date, what will be the expected maximum price in light of the dividend payment logistics?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
