Question
Big J stock just paid a dividend of 1.50. Its dividend is growing at 6.00% per year, and the market discount rate for stocks of
Big J stock just paid a dividend of 1.50. Its dividend is growing at 6.00% per year, and the market discount rate for stocks of this risk is 11.50%. What is the value of Big J stock?
the answer 28.91
how to get it with financial calculator
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Lorne Switzer, Maureen Stapleton, Dana Boyko, Christine Panasian
9th Canadian Edition
1259271935, 9781259271939
