Question
A firm has an expected dividend next year of Php1.20 per share, a zero growth rate of dividends, and a required return of 10 percent.
A firm has an expected dividend next year of Php1.20 per share, a zero growth rate of dividends, and a required return of 10 percent. The value of a share of the firm's common stock is ________.
Group of answer choices
Php10.00
Php12.00
Php120.00
Php100.00
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
