Question
A share of stock expects a dividend of $1.93 per share in the coming year, given an expected dividend growth rate of 6.70%, and a
A share of stock expects a dividend of $1.93 per share in the coming year, given an expected dividend growth rate of 6.70%, and a discount rate of 16.70%, what is the price per share of the stock?
a. $19.30 b. $-19.30 c. $28.81 d. $20.59
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
