Question
National Advertising just paid a dividend of Do=$0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year
National Advertising just paid a dividend of Do=$0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.5, the required return on the market is 10.50%, and the risk-free rate is 4.5%. What is the company's current stock price?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
13th edition
132743469, 978-0132743464
