Question
A firm just paid a dividend of $2.90. The dividend is expected to grow at a constant rate of 4.30% forever and the required rate
A firm just paid a dividend of $2.90. The dividend is expected to grow at a constant rate of 4.30% forever and the required rate of return is 13.79%. What is the value of the stock?
Answer format: Currency: Round to: 2 decimal places.
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
