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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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
