Question
A firm announces it will pay a flat $5 per share dividend, forever. If investors require a rate of return of 12.50%, then what is
A firm announces it will pay a flat $5 per share dividend, forever. If investors require a rate of return of 12.50%, then what is the fair value of the stock price per share today? Round to the nearest $0.01.
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
