Question
A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D = $2.25), and it should continue
A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D = $2.25), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. $ A stock is expected to pay a dividend of $2.25 at the end of the year (i.e., D = $2.25), and it should continue to grow at a constant rate of 5% a year. If its required return is 13%, what is the stock's expected price 1 year from today? Do not round intermediate calculations. Round your answer to the nearest cent. $
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
12th edition
978-0324597714, 324597711, 324597703, 978-8131518571, 8131518574, 978-0324597707
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