Question
A stock is expected to pay dividends in 9 periods. The first dividend will be $5.40 and subsequent dividends are forecasted to stay constant for
A stock is expected to pay dividends in 9 periods. The first dividend will be $5.40 and subsequent dividends are forecasted to stay constant for the foreseeable future. If the required return on the stock is 8.0%, what is its current value? I keep getting 33.77 as the answer but it's showing 36.47 as the correct answer. Please advise
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
