Question
#9) Teal Incorporated has announced an annual dividend of $5.90. The firm has zero growth and the required rate of return for this type of
#9) Teal Incorporated has announced an annual dividend of $5.90. The firm has zero growth and the required rate of return for this type of firm is 10 percent. Assuming that the ex-dividend date is January 20, calculate the expected stock price for Teal on January 19 and January 21. (Round answers to 2 decimal places, e.g. 45.15.)
| Stock Price | ||
| January 19 | $ | |
| January 21 | $ |
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Introduction To Corporate Finance
Authors: William L. Megginson, M.D. Lucey Brian C., Scott J. Smart, Scott B. Smart, Bill Megginson
1st Edition
184480562X, 9781844805624
