Question
Langley Enterprises pays a constant dividend of $1.30 a share. The company announced today that it will continue to do this for another 5 years
Langley Enterprises pays a constant dividend of $1.30 a share. The company announced today that it will continue to do this for another 5 years after which time it will discontinue paying dividends permanently. What is one share of this stock worth today if the required rate of return is 8 percent?
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Mathematics For Business
Authors: Stanley A Salzman, Charles D Miller, Gary Clendenen
8th Edition
0321357434, 9780321357434
