Question
Grouper Ltd. just paid a dividend of $3.6 per share, which is expected to grow at a constant rate of 6.1 percent indefinitely. The T-bill
Grouper Ltd. just paid a dividend of $3.6 per share, which is expected to grow at a constant rate of 6.1 percent indefinitely. The T-bill rate is 4.6 percent and the risk premium of Grouper Ltd. is 8.1 percent. Calculate Grouper's current share price.
$57.88
$54.55
$61.33
$57.08
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
