Question
A stock just paid a dividend of D 0 = $1.50. The required rate of return is r s = 10.1%, and the constant growth
A stock just paid a dividend of D0 = $1.50. The required rate of return is rs = 10.1%, and the constant growth rate is g = 3.5%. What is the current stock price?
a. $23.11
b. $23.52
c. $24.31
d. $24.93
e. $27.99
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
2nd Edition
1567931650, 978-1567931655
