Question
A stock is expected to pay a dividend of $0.95 at the end of the year. The required rate of return is r s =
A stock is expected to pay a dividend of $0.95 at the end of the year. The required rate of return is rs = 9%, and the expected constant growth rate is g = 6.5%. What is the stock's current price?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
