Question
Connolly Co.'s expected year-end dividend is D 0 = $1.80, its required return is r s = 11.00%, its dividend yield is 6.00%, and its
Connolly Co.'s expected year-end dividend is D 0 = $1.80, its required return is r s = 11.00%, its dividend yield is 6.00%, and its growth rate is expected to be constant in the future. What is Connolly's expected stock price in 7 years, i.e., what is ?
| a. | $44.32 | |
| b. | $41.37 | |
| c. | $42.21 | |
| d. | $39.40 | |
| e. | $37.52 |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
