Question
Bittles, Inc. just paid an annual dividend of $2.50 a share. The dividend will increase by 40 percent for the next two years and then
Bittles, Inc. just paid an annual dividend of $2.50 a share. The dividend will increase by 40 percent for the next two years and then increase by 4 percent annually thereafter. What is the present value of this stock at a discount rate of 6 percent?
| 1. | $268.30 | |
| 2. | $234.43 | |
| 3. | $263.20 | |
| 4. | $13.50 | |
| 5. | $254.80 |
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Introduction To Financial Management
Authors: Sudanshu Pandeya
1st Edition
1774695316, 978-1774695319
