Question
Custom Machinery, Inc. expects a dividend next year of $4.80 per share, their growth rate of dividends is 9 percent, and their required return of
Custom Machinery, Inc. expects a dividend next year of $4.80 per share, their growth rate of dividends is 9 percent, and their required return of 19 percent. The value of a share of Custom Machinery's common stock is
Select one:
a. $22.04
b. $48.00
c. $28.00
d. $18.67
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The Oxford Handbook Of Quantitative Asset Management
Authors: Bernd Scherer, Kenneth Winston
1st Edition
0199553432, 978-0199553433
