Question
PCL Industries just paid (moments before time 0) an annual dividend of $1.95 per share that is expected to grow at a 2% annual rate.
PCL Industries just paid (moments before time 0) an annual dividend of $1.95 per share that is expected to grow at a 2% annual rate. If the appropriate required return for this stock is 14%, how much should you be willing to pay for the stock today?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
