Question
A corporation paid the following dividends over the past 6 years: 2019: $4.87 2018: $4.76 2017: $4.60 2016: $4.46 2015: $4.37 2014: $4.25 The firms
A corporation paid the following dividends over the past 6 years:
2019: $4.87 2018: $4.76 2017: $4.60 2016: $4.46 2015: $4.37 2014: $4.25
The firms dividend next year is expected to be $5.02. If the required rate of return is 15%, what is the value of the stock?
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
