Question
A company has just paid out a dividend of $2.50 per share of its common stock. The companys per-share dividend is expected to increase at
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A company has just paid out a dividend of $2.50 per share of its common stock. The companys per-share dividend is expected to increase at a rate of 4.8% for the foreseeable future. What should each share of this stock be selling for today? Assume that investors in this stock require a return of 10%.
$48.08
$26.20
$54.58
$57.29
$50.38
A company has just paid out a dividend of $2.50 per share of its common stock. The companys per-share dividend is expected to increase at a rate of 4.8% for the foreseeable future. What should each share of this stock be selling for today? Assume that investors in this stock require a return of 10%.
| $48.08 | ||
| $26.20 | ||
| $54.58 | ||
| $57.29 | ||
| $50.38 |
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Finance For Non Financial Managers
Authors: Pierre G. Bergeron
5th Edition
0176104070, 9780176104078
