Question
3. L.A. Industries presently pays an annual dividend of $2 per share and it is expected that these dividend payments will continue indefinitely. If L.A.
3. L.A. Industries presently pays an annual dividend of $2 per share and it is expected that these dividend payments will continue indefinitely. If L.A. Industries equity cost of capital is 8%, then what is the value of a share of its stock?
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
