Question
GM paid $0.92 in dividend this year. If you expect the company's dividend to grow at 8% a year and the company has a required
GM paid $0.92 in dividend this year. If you expect the company's dividend to grow at 8% a year and the company has a required return of 11%, would you buy the company's stock at $34 a share?
Please answer in excel and show formulas. Thank you.
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Financial Management Principles And Applications
Authors: J William Petty, Sheridan Titman, Arthur J Keown, John D Martin, Peter Martin, Michael Burrow, Hoa Nguyen
6th Edition
1442539178, 9781442539174
