Question
Company D is expected to pay a $4.49 dividend at the end of the 4th year. You expect Company D's dividend to grow by 1.39%
Company D is expected to pay a $4.49 dividend at the end of the 4th year. You expect Company D's dividend to grow by 1.39% per year forever. Company D's equity cost of capital is 8.52%. What should be the price of the stock today?
NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.
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Get StartedRecommended Textbook for
Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
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