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If Myriad Mercantile just paid an annual dividend of $1.27 a share, expects to pay dividends forever and expects to increase the dividend by 3.9
If Myriad Mercantile just paid an annual dividend of $1.27 a share, expects to pay dividends forever and expects to increase the dividend by 3.9 percent annually. Stocks similar to Myriad Mercantile have an expected return of 13.8 percent. Separately, from the foregoing information, Myriad is going to pay a $12 dividend later today; this is a one-time special dividend with no consequences for for future growth or expectations. What is the current value of this stock?
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