Question
Evanston Corp. paid a $5 semi-annual dividend four months ago. The firm is expected to pay $4.2 dividend in two months, and the following semi-annual
Evanston Corp. paid a $5 semi-annual dividend four months ago. The firm is expected to pay $4.2 dividend in two months, and the following semi-annual dividends are expected to grow at a rate of 3.2% every 6- month forever. Given the effective annual rate of return on Evanston is 7.8%, what is its stock price today?
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
