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Moore Corp's next scheduled dividend is expected to be $3 per share. Dividends are expected to increase at a rate of 2.5% per year. The
Moore Corp's next scheduled dividend is expected to be $3 per share. Dividends are expected to increase at a rate of 2.5% per year. The company's beta is 1.10, the United States Treasury rate is 2.5% and the overall market presently returns 9% annually. The present corporate tax rate is 25%. Based on the above information, what should be the FMV of Moore Corp stock on a per share basis? Show your work
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