Question
A company just paid a $1.60 per share annual dividend. The company is planning on paying $2.20, $2.35, $2.45, and $2.60 a share over the
A company just paid a $1.60 per share annual dividend. The company is planning on paying $2.20, $2.35, $2.45, and $2.60 a share over the next 4 years, respectively. After that, the dividend will be a constant $2.65 per share per year.What is this stock worth to you per share if you require a 9.50% rate of return?
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Cost Management Accounting and Control
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
6th Edition
978-0324559675
