Question
After careful analysis, you have determined that a firm's dividends should grow at 2%, on average, in the foreseeable future. The firm's last dividend was
After careful analysis, you have determined that a firm's dividends should grow at 2%, on average, in the foreseeable future. The firm's last dividend was $0.50. Compute the current
price of this stock, assuming the required return is 5%.
The current stock price is ?
(Round your response to the nearest penny.)
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The Commercial Real Estate Investors Handbook
Authors: Steven D. Fisher
1st Edition
1601380372, 978-1601380371
