Question
Company C pays a dividend of $5.47 per share and is expected to pay this amount indefinitely. The equity cost of capital is 11.69%. What
Company C pays a dividend of $5.47 per share and is expected to pay this amount indefinitely. The equity cost of capital is 11.69%. What should the price of the stock be?
NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
