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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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
6th edition
1305637100, 978-1305637108
