Question
CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $3.9 per share dividend at the end of the year (i.e., D1 = $3.9). The
CONSTANT GROWTH VALUATION
Tresnan Brothers is expected to pay a $3.9 per share dividend at the end of the year (i.e., D1 = $3.9). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 10%. What is the stock's current value per share? Round your answer to two decimal places.
$
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Essentials Of Health Care Finance
Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
