Question
Kim Crawfur stock has promised an annual dividend of $2.10 for the next ten years. After 10 years, you expect that the stock will sell
Kim Crawfur stock has promised an annual dividend of $2.10 for the next ten years. After 10 years, you expect that the stock will sell for $26.15. What is the fair price per share for this company? Assume that the appropriate discount rate is 7%.
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
