Question
ABC, Inc. just paid dividend of $5.21. The dividends are expected to grow at 7.63% each year forever. The required rate of return on the
ABC, Inc. just paid dividend of $5.21. The dividends are expected to grow at 7.63% each year forever. The required rate of return on the stock is 11.01%. What is today's price of the stock?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
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