Question
A share of Lash Inc.'s common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 6.4%, and
A share of Lash Inc.'s common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 6.4%, and if investors' required rate of return is 11.4%, what is the stock price?
| a. | $16.28 | |
| b. | $16.70 | |
| c. | $17.13 | |
| d. | $17.57 | |
| e. | $21.18 |
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
