Question
A share of common stock just paid a dividend (D 0 ) of $1.20. The stock is expected to maintain long-run dividend growth rate of
A share of common stock just paid a dividend (D0) of $1.20. The stock is expected to maintain long-run dividend growth rate of 5.4%. If investors required rate of return is 11.2%, what is the stock price?
| $17.57 | ||
| $19.65 | ||
| $21.81 | ||
| $24.04 | ||
| $26.35 | ||
| $28.75 | ||
| $31.23 | ||
| $33.81 |
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Corporate Governance In Japan Institutional Change And Organizational Diversity
Authors: Masahiko Aoki , Gregory Jackson, Hideaki Miyajima
1st Edition
0199284520,0191536385
