Question
A stock is currently priced at $65 per share and will pay a $4 dividend in one year. What must the stock sell for in
A stock is currently priced at $65 per share and will pay a $4 dividend in one year. What must the stock sell for in one year to meet investors' expectations of a 15% after-tax return if dividends are taxed at 37% and there are no capital gains taxes?
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MATLAB An Introduction With Applications
Authors: Amos Gilat
6th Edition
111938513X, 978-1119385134
