Question
CONSTANT GROWTH VALUATION Tresnan Brothers is expected to pay a $1.3 per share dividend at the end of the year (i.e., D1 = $1.3). The
CONSTANT GROWTH VALUATION
Tresnan Brothers is expected to pay a $1.3 per share dividend at the end of the year (i.e., D1 = $1.3). The dividend is expected to grow at a constant rate of 8% a year. The required rate of return on the stock, rs, is 12%. What is the stock's current value per share? Round your answer to two decimal places.
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Financial Management For Decision Making
Authors: Harold Jr. Bierman, Seymour Smidt
1st Edition
1587982129, 9781587982125
