Question
Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.32 per share forever. If the risk-free rate is 4.2% and the
Brash Corporation initiated a new corporate strategy that fixes its annual dividend at $2.32 per share forever. If the risk-free rate is 4.2% and the risk premium on Brash's stock is 10.8%, what is the value of Brash's stock? The value of Brash's stock is $ _____. (Round to the nearest cent.)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
