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A common stock pays annual dividends at the end of each year as a percentage of earnings (per share). Earnings in the year just ended
A common stock pays annual dividends at the end of each year as a percentage of earnings (per share). Earnings in the year just ended were 1.21 and are assumed to grow 10% per year. The percentage of earnings paid out as a dividend will be 0% for the next 5 years and 50% thereafter. What is the theoretical price of the stock to yield an investor 21%
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Standards Of Value
Authors: Jay E. Fishman, Shannon P. Pratt, William J. Morrison
2nd Edition
1118138538, 978-1118138533
