Question
A bank expects to pay a dividend of $3.45 next year and growth rate on dividends to be 7%. If the appropriate discount rate is
A bank expects to pay a dividend of $3.45 next year and growth rate on dividends to be 7%. If the appropriate discount rate is 15%, what should the bank's stock price be in the market? A. $23.00 B. $43.13 C. $46.14 D. $49.29 E. $24.61
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Financial Management Theory And Practice
Authors: Eugene F. Brigham, Michael C. Ehrhardt
10th Edition
0030329922, 9780030329920
