A company has just announced a dividend of $0.80 for this year and $0.835 for the next
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A company has just announced a dividend of $0.80 for this year and $0.835 for the next year. Dividends are expected to grow at a constant rate indefinitely.
What is the current stock price if the required return is 13.1 percent?
Related Book For
Financial management theory and practice
ISBN: 978-1439078099
13th edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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