Question
Company D is expected to pay a $4.54 dividend at the end of the 4th year. You expect Company D's dividend to grow by 1.23%
Company D is expected to pay a $4.54 dividend at the end of the 4th year. You expect Company D's dividend to grow by 1.23% per year forever. Company D's equity cost of capital is 8.59%. 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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The Essential Nonprofit Fundraising Handbook
Authors: Michael A. Sand, Linda Lysakowski
1st Edition
1601630727, 978-1601630728
