Question
Nynet, Inc., paid a dividend of $4.20 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the
Nynet, Inc., paid a dividend of $4.20 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 14.0 percent, what is the current value of the stock? (Round answer to 2 decimal places, e.g. 15.20.)
| Current value | $ |
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Quantitative Corporate Finance
Authors: John B. Guerard Jr. Anureet Saxena, Mustafa Gultekin
2nd Edition
3030435466, 978-3030435462
