Question
Macys just paid a dividend of $1.80. If the required return is 12% and the dividend is expected to grow at a constant rate of
Macy’s just paid a dividend of $1.80. If the required return is 12% and the dividend is expected to grow at a constant rate of 6% what is the most you would be willing to pay for the stock today?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
