Question
Assume a stock has the following feature: Current Dividend = $3 Expected growth in dividends = 0 (i.e., constant dividend) Discount rate = 4% What
Assume a stock has the following feature:
Current Dividend = $3
Expected growth in dividends = 0 (i.e., constant dividend)
Discount rate = 4%
What is the current price of this stock using the DCF model?
State your answer without the dollar sign or commas.
Round your answer to the nearest penny.
Example answer format 45.69
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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