Question
: Cape Town Company stock paid a dividend of $4.00 in 1999 and $3.75 in 1998. These dividends reflect the long-term growth rate of the
: Cape Town Company stock paid a dividend of $4.00 in 1999 and $3.75 in 1998. These dividends reflect the long-term growth rate of the company. If your required rate of return is 16% for Cape Town stock, how much should you pay for a share in 1999?
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Fundamentals Of Corporate Finance
Authors: David W Blackwell, Robert Parrino, David S Kidwell
1st Edition
0471270563, 9780471270560
