Question
A firm is expected to pay a dividend of $1.87 per share next year. The dividend is expected to grow at 4.2% per year and
A firm is expected to pay a dividend of $1.87 per share next year. The dividend is expected to grow at 4.2% per year and the cost of equity is 11.7%. What is the value of each share?
a. $24.49
b. $25.98
c. $24.93
d. $23.44
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Your answer is incorrect.
The correct answer is: $24.93
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Carbon Markets Or Climate Finance?
Authors: Axel Michaelowa
1st Edition
0415743435, 978-0415743433
