Question
Gruber Corp. pays a constant $7.25 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease
Gruber Corp. pays a constant $7.25 dividend on its stock. The company will maintain this dividend for the next 9 years and will then cease paying dividends forever. The required return on this stock is 12 percent. What is the current share price?
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
