Question
Gentleman Gym just paid its annual dividend of $6 per share, and it is widely expected that the dividend will increase by 5% per year
| Gentleman Gym just paid its annual dividend of $6 per share, and it is widely expected that the dividend will increase by 5% per year indefinitely. |
| a. | What price should the stock sell at? The discount rate is 15%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Stock price | $ |
| b. | What price should the stock sell at? The discount rate is 12%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Stock price | $ |
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Real Estate And Accounting For Beginners
Authors: Nespy Online Marketing
1st Edition
1802242880, 978-1802242881
