Question
National Advertisingjust paida dividend of D0= $0.75 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in
National Advertisingjust paida dividend of D0= $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 1.05, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?
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Microeconomics: An Intuitive Approach With Calculus
Authors: Thomas Nechyba
2nd Edition
1305650468, 978-1305650466
