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 28% and there are no capital gains taxes?
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Corporate Finance Reader
Authors: Robert W. Kolb
2nd Edition
1878975536, 978-1878975539
