Question
Number 26. Tresnan Brothers is expected to pay a $3.80 per share dividend at the end of the year (i.e., D1= $3.80). The dividend is
Number 26.
Tresnan Brothers is expected to pay a $3.80 per share dividend at the end of the year (i.e., D1= $3.80). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 18%. What is the stock's current value per share? Round your answer to the nearest cent.
$
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
