Question
A company just paid a dividend of $1 per share. The dividends are expected to grow at a constant rate of 5% in the future.
A company just paid a dividend of $1 per share. The dividends are expected to grow at a constant rate of 5% in the future. The required return is 11.5%. What is this companys stock price? $16.15 $14.25 $18.65 $19.35 None of the given answers is correct
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
