Question
A stock is expected to pay $2.96 per share every year indefinitely. The current price of the stock is $30.84. The equity cost of capital
A stock is expected to pay $2.96 per share every year indefinitely. The current price of the stock is $30.84. The equity cost of capital for the company is 7.20%. What price would an investor be expected to pay per share 7 years into the future?.
NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.
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Foundations In Personal Finance
Authors: Dave Ramsey
3rd Edition
1936948524, 978-1936948529
