Question
A stock is expected to pay a constant dividend of $4.50/share every quarter (every 3 months) and the first dividend is expected in exactly 1
A stock is expected to pay a constant dividend of $4.50/share every quarter (every 3 months) and the first dividend is expected in exactly 1 year. If the market's required return on this stock is 14% PER YEAR, what is the market value of the stock today? [Express your final answer in dollars and cents (rounded to 2 decimal places)]
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The Routledge International Handbook Of Financialization
Authors: Philip Mader, Daniel Mertens, Natascha Van Der Zwan
1st Edition
1138308218, 978-1138308213
