Question
paid an annual dividend of $2.10 yesterday. If future dividendsare expected to grow at a rate of 8 percent, and the required rateof return on
paid an annual dividend of $2.10 yesterday. If future dividendsare expected to grow at a rate of 8 percent, and the required rateof return on this stock is 15 percent, the fair price of this stocktoday is:
a.
$27.46
b.
$33.91
c.
$32.40
d.
$30.00
paid an annual dividend of $2.10 yesterday. If future dividendsare expected to grow at a rate of 8 percent, and the required rateof return on this stock is 15 percent, the fair price of this stocktoday is:
a. | $27.46 |
b. | $33.91 |
c. | $32.40 |
d. | $30.00 |
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
978-0538453257
