Question
Oriole, Inc., paid a dividend of $3.95 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the
Oriole, Inc., paid a dividend of $3.95 last year. The company's management does not expect to increase its dividend in the foreseeable future. If the required rate of return is 20.0 percent, what is the current value of the stock?(Round answer to 2 decimal places, e.g. 15.25.)
Current value$
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
