Question
A company recently paid a $3 dividend per share of stock, which is expected to grow 5% annually. The investor expects a return of 11%.
A company recently paid a $3 dividend per share of stock, which is expected to grow 5% annually. The investor expects a return of 11%. What is the highest price the investor should be willing to pay for a single share of stock?
(Please show work so I can see the breakdown)
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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Kristin L. Reiter, Paula H. Song
7th Edition
1640551867, 9781640551862
