Question
Assume Coleco pays an annual dividend of $1.46 and has a share price of $37.08. It announces that its annual dividend will increase to $1.76.
Assume Coleco pays an annual dividend of $1.46 and has a share price of $37.08. It announces that its annual dividend will increase to $1.76. If its dividend yield stays the same, what should be its new share price?
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Entrepreneurial Financial Management An Applied Approach
Authors: Jeffrey R Cornwall, David O Vang, Jean M Hartman
5th Edition
0367335417, 978-0367335410
