Question
Hall & Marks is expected to pay a $1.20 per share dividend at the end of the year (that is, D 1 = $1.20). The
Hall & Marks is expected to pay a $1.20 per share dividend at the end of the year (that is, D1 = $1.20). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 17%.
What is the stock's current value per share?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
