Question
Assume that Zero-Sum Enterprise pays an annual dividend of $1.40 per share and that neither profits nor dividends are expected to increase in the future.
Assume that Zero-Sum Enterprise pays an annual dividend of $1.40 per share and that neither profits nor dividends are expected to increase in the future. What is the value of Zero-Sum shares to an investor who requires a 14% rate of return?
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
