Mack Industries just paid a dividend of $ 3 per share ( D 0 = $ 3
Fantastic news! We've Found the answer you've been seeking!
Question:
Mack Industries just paid a dividend of $ per share D $ Analysts expect the companys dividend to grow percent this year D $ and percent next year. After two years the dividend is expected to grow at a constant rate of percent. The required rate of return on the companys stock is percent. What should be the companys current stock price?
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date: