Jack is considering purchasing a share of company XYZ. The company has announced that it will pay
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Jack is considering purchasing a share of company XYZ. The company has announced that it will pay a dividend of $2 next year. The dividends are expected to grow at the rate of 4%. Jack wants to earn a 7% return on this investment. How much should he pay for the share?
Related Book For
Fundamentals of Investment Management
ISBN: 978-0078034626
10th edition
Authors: Geoffrey Hirt, Stanley Block
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