Question
Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of $1.65 at the end of each of the next 12 quarters. The dividend
Pasqually Mineral Water, Inc., will pay a quarterly dividend per share of $1.65 at the end of each of the next 12 quarters. The dividend will grow at a quarterly rate of 1.7 percent forever. The appropriate rate of return on the stock is 15 percent, compounded quarterly.
How to calculate the current price of the stock?
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Calculus Early Transcendentals
Authors: James Stewart
8th edition
1285741552, 9781305482463 , 978-1285741550
