Question
Misty Mountain Tops (MMT) coal reserves are being depleted. MMTs annual dividend has been declining at a rate of 10% per year. If the dividend
Misty Mountain Tops (MMT) coal reserves are being depleted. MMTs annual dividend has been declining at a rate of 10% per year. If the dividend paid last week was $5 and your required return is 20%, what would you pay for a share of MMT stock?
$16.67
$20.00
$23.75
$15.00
$19.00
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
