Question
Problem 8-29 Constant Growth Stock Valuation (LG8-5) Waller Co. paid a $0.149 dividend per share in 2000, which grew to $0.321 in 2012. This growth
Problem 8-29 Constant Growth Stock Valuation (LG8-5)
Waller Co. paid a $0.149 dividend per share in 2000, which grew to $0.321 in 2012. This growth is expected to continue.
What is the value of this stock at the beginning of 2013 when the required return is 14.9 percent? (Round the growth rate, g, to 4 decimal places. Round your final answer to 2 decimal places.)
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
