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Constant growth valuation Thomas Brothers is expected to pay a $2.3 per share dividend at the end of the year (that is, D1 = $2.3).
Constant growth valuation Thomas Brothers is expected to pay a $2.3 per share dividend at the end of the year (that is, D1 = $2.3). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 20%. What is the stock's current value per share? Round your answer to two decimal places.
Constant growth valuation
Thomas Brothers is expected to pay a $2.3 per share dividend at the end of the year (that is, D1 = $2.3). The dividend is expected to grow at a constant rate of 9% a year. The required rate of return on the stock, rs, is 20%. What is the stock's current value per share? Round your answer to two decimal places.
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Fundamental Accounting Principles Volume II
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
16th Canadian edition
978-1260305838
