Question
NoGrowth Corporation currently pays a dividend of $0.52 per quarter, and it will continue to pay this dividend forever. What is the price per share
NoGrowth Corporation currently pays a dividend of $0.52 per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is 16.9%?
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The stock price is
(Round to the nearest cent.)
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
