Question
Klingon Co. has a discount rate of 8.29% and a dividend growth rate of 4.11%. If it expects to pay a dividend of $3.05 one
Klingon Co. has a discount rate of 8.29% and a dividend growth rate of 4.11%. If it expects to pay a dividend of $3.05 one year from now, what is a fair price for this stock?
Provide a number with 2 decimals.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
