Question
a common stock paid a dividend of $4.25 at the end of last year. it is expected to grow at 12% each year for all
a common stock paid a dividend of $4.25 at the end of last year. it is expected to grow at 12% each year for all future years. investors require a 15% return rate. what is the value of a share of this stock?
a. $141.67
b. $158.67
c. $3.45
d. $162.92
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
