Question
Aziz pipes Ltd. is a matured firm in Engineering Industries. The firm recently paid dividend of Tk. 25 per share. Due to its maturity as
Aziz pipes Ltd. is a matured firm in Engineering Industries. The firm recently paid dividend of Tk. 25 per share. Due to its maturity as well as unstable sales and earnings, the firm's management feels that the dividend will grow at 5% for the foreseeable future .If the required rate of return is l5 %, what is the value of the common stock of Aziz Pipes Ltd.?
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
