Question
Fin 305 Chapter 8 question 1 A firm is expected to pay a dividend of $2.15 next year and $2.30 the following year. Financial analysts
Fin 305
Chapter 8 question 1
| A firm is expected to pay a dividend of $2.15 next year and $2.30 the following year. Financial analysts believe the stock will be at their price target of $80 in two years. |
| Compute the value of this stock with a required return of 12.1 percent. (Round your answer to 2 decimal places.) |
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Fundamentals Of Financial Management Concise
Authors: Eugene F. Brigham, Joel F. Houston
11th Edition
0357517717, 9780357517710
