Question
If Yumms Inc. is expected to pay dividends of $3.93 for the next seven years, and then after that the dividends are expected to grow
If Yumms Inc. is expected to pay dividends of $3.93 for the next seven years, and then after that the dividends are expected to grow at 1.8% thereafter. What would you be willing to pay for a share of stock if the required return is 3.8 percent?
A) $21.163
B) $177.808
C) $194.103
D) $200
E) $221.163
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
