Question
A company pays a constant $9.75 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease
A company pays a constant $9.75 dividend on its stock. The company will maintain this dividend for the next 13 years and will then cease paying dividends forever. If the required return on this stock is 10%, what is the current share price?
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The Economics Of Money Banking And Finance
Authors: Keith Bain, Peter Howells
1st Edition
0582278007, 9780582278004
