Question
A company has its share currently selling at $14.97 and pays dividends annually. The company is expected to grow at a constant rate of 5
A company has its share currently selling at $14.97 and pays dividends annually. The company is expected to grow at a constant rate of 5 percent pa.. If the appropriate discount rate is 16 percent p.a., what is the expected dividend, a year from now (rounded to nearest cent)?
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
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