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Company A paid a $1.00 dividend per share this year and is expected to continue to pay out 40% of earnings as dividends for the
- Company A paid a $1.00 dividend per share this year and is expected to continue to pay out 40% of earnings as dividends for the foreseeable future. If the firm is expected to generate a 10% return on equity in the future, and if you require a 12% return on the stock, the value of the stock is ________.
- $17.67
- $13.00
- $16.67
- $18.67
- none of the above
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Mathematics Of Finance
Authors: Robert Brown, Petr Zima
2nd Edition
0071756051, 9780071756051
