Question
A share of common stock has just paid a dividend of $5.25 (i.e., D0 = $5.25). If investors require a 11.2 percent of return and
A share of common stock has just paid a dividend of $5.25 (i.e., D0 = $5.25). If investors require a 11.2 percent of return and the growth rate is zero, then what is the current stock price?
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
