Question
A company just paid a dividend of $1.25, and the dividends are expected to grow at a constant rate of 6.5% for very long time
A company just paid a dividend of $1.25, and the dividends are expected to grow at a constant rate of 6.5% for very long time in the future. If the required return of the investors is 10.75%, what is the price of this companys stock?
| $25.12 | ||
| $20.90 | ||
| $60.28 | ||
| $31.32 | ||
| $41.35 |
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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
