Question
Gakuto Inc. just paid a dividend of $1.20 on it's common stock at the end of last year. Dividends next year are expected to be
Gakuto Inc. just paid a dividend of $1.20 on it's common stock at the end of last year. Dividends next year are expected to be $1.75. You believe you can sell the stock then for $12.50. If your required rate of return on this stock is 11%, how much are you willing to pay for the stock today?
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Financial Analysis with Microsoft Excel
Authors: Timothy R. Mayes, Todd M. Shank
7th edition
1285432274, 978-1305535596, 1305535596, 978-1285432274
