Question
CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0.60 per share dividend at the end of the year (that is, D1 = $0.60).
CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0.60 per share dividend at the end of the year (that is, D1 = $0.60). The dividend is expected to grow at a constant rate of 5% a year. The required rate of return on the stock, rs, is 11%. What is the stocks current value per share? Round to TWO decimal places.
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Essentials Of Real Estate Finance
Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
