Question
A stock is expected to pay $4.00 per share every year indefinitely and the equity cost of capital for the company is 11%. What
A stock is expected to pay $4.00 per share every year indefinitely and the equity cost of capital for the company is 11%. What price would an investor be expected to pay per share next year?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
5th edition
1111527369, 978-1111527365
