Question
(31. For the stock of Cecilia's Capricious Chronicles, Ltd., the next 3 annual dividends have been forecasted (consensus) as : $2.47, $2.22, and $2.39. If
(31. For the stock of Cecilia's Capricious Chronicles, Ltd., the next 3 annual dividends have been forecasted (consensus) as : $2.47, $2.22, and $2.39. If the terminal growth rate is 1.5%, and the cost of equity is 16.42%, what is the price TODAY? Select one:
a. insufficient information to determine
b. $18.44
c. $21.56
d. $15.60
e. $21.29
f. $5.27
g. $10.44
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Financial Management Theory And Practice
Authors: Prasanna Chandra
7th Edition
0070656657, 978-0070656659
