Question
An issue of common stock's most recent dividend is $4.25. Its growth rate is 5.0%. What is its price if the market's rate of return
An issue of common stock's most recent dividend is $4.25. Its growth rate is 5.0%. What is its price if the market's rate of return is 7.1%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Millon Cornett
1st International Edition
0071181334, 9780071181334
