Question
(Common stock valuation) Mosser Corporation's common stock paid $1.32 in dividends last year and is expected to grow indefinitely at an annual 7 percent rate.
(Common stock valuation) Mosser Corporation's common stock paid $1.32 in dividends last year and is expected to grow indefinitely at an annual 7 percent rate. What is the value of the stock if you require a return of 11 percent?
The value of the Mosser Corporation's common stock is $____. (Round to the nearest cent.)
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
