Question
American States Water Co. (AWR), a utility company, has experienced a constant growth rate of 4% for a long time and the constant growth is
American States Water Co. (AWR), a utility company, has experienced a constant growth rate of 4% for a long time and the constant growth is expected to continue. The company reported a dividend per share of $2.09 for the current year (DIV0 = $2.09). If investors require 7% return, what should be AWR's stock price?
AWR's stock price = $_________
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
