Question
Hall & Marks just paid a $1.90 per share dividend yesterday.(that is, D0 = $1.90). The dividend is expected to grow at a constant rate
Hall & Marks just paid a $1.90 per share dividend yesterday.(that is, D0 = $1.90). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 14%. What is the stock's current value per share?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
