Question
A company's dividends are getting smaller at a constant rate of 2% (this growth rate is negative). The company just paid a dividend of $8
A company's dividends are gettingsmallerat a constant rate of 2% (this growth rate is negative). The company just paid a dividend of $8 and the required return is 10%. What is the price of the company's stock today? Answer to 2 decimal places, for example 59.12.
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
