Question
I am expected to pay a dividend of $5.10 a year for the next years. If the current price of my stock is $31.67, and
I am expected to pay a dividend of $5.10 a year for the next years. If the current price of my stock is $31.67, and my equity cost of capital is 15% what price would I expect my stock to sell for at the end of four years?
DO NOT COPY FROM CHEGG I NEED A FULL EXPLANATION:
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Financial Accounting
Authors: Belverd E Needles, Marian Powers
10th Edition
0547193289, 9780547193281
