Question
A company paid 14 dividends per share in the current year and is expected to pay 0.09 more of this next year. Assuming the company's
A company paid 14 dividends per share in the current year and is expected to pay 0.09 more of this next year. Assuming the company's cost of equity is 0.18, and dividend growth remains the same in perpetuity, what is the price of the company's stock?
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
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