Question
Burnett Corp. It pays a fixed dividend of $9.65 per share. The company will keep this dividend for the next 12 years and then stop
Burnett Corp. It pays a fixed dividend of $9.65 per share. The company will keep this dividend for the next 12 years and then stop paying dividends forever. If the required return of this stock is 12 percent, what is the current share price?
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The price of the stock can be calculated using the dividend discount ...
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Fundamentals of corporate finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
9th edition
978-0077459451, 77459458, 978-1259027628, 1259027627, 978-0073382395
