Question
A stock is expected to pay a dividend of $0.80 per share at the end of the year. The required rate of return is 12%,
A stock is expected to pay a dividend of $0.80 per share at the end of the year. The required rate of return is 12%, and the expected constant growth rate is 5%. What is the current stock price?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
