Question
Columbus Manufacturing's stock currently sells for $ 27.80 a share. The stock just paid a dividend of $3.50 a share (i.e.,D 0 ). The dividend
Columbus Manufacturing's stock currently sells for $ 27.80 a share. The stock just paid a dividend of $3.50 a share (i.e.,D0). The dividend is expected to grow at a constant rate of 6 % a year. What stock price is expected one year from now (P1)? Round your answer to two decimal places.
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
