Question
Estes Park Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then
| Estes Park Corp. pays a constant $7.85 dividend on its stock. The company will maintain this dividend for the next 12 years and will then cease paying dividends forever. If the required return on this stock is 9 percent, what is the current share price? |
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
12th Edition
1260772160, 978-1260772166
