Question
NGO Sdn Bhd presently pays an annual dividend of RM1.50 per share and it is expected that these dividend payments will continue indefinitely. If NGO's
NGO Sdn Bhd presently pays an annual dividend of RM1.50 per share and it is expected that these dividend payments will continue indefinitely. If NGO's equity cost of capital is 12%, then the value of a share of NGO's stock is closest to:
a.RM15.50
b.RM10.00
c.RM12.50
d.RM14.00
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Get StartedRecommended Textbook for
Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
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