Question
Company X is expected to pay an end-of-year dividend of $4.00 a share. After the dividend its stock is expected to sell at $90. If
Company X is expected to pay an end-of-year dividend of $4.00 a share. After the dividend its stock is expected to sell at $90. If the market capitalization rate is 8%, what is the current stock price? (Last Cheggian to answer this question put $87.03, which was marked as incorrect)
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
