Question
Profits and sales of Not-So-Good Ice Cream Company have been declining. Its dividends are expected to decline at the rate of 3 percent in the
Profits and sales of Not-So-Good Ice Cream Company have been declining. Its dividends are expected to decline at the rate of 3 percent in the future. If the company just paid a dividend of $5.00 /share and the market required rate of return is for stocks in this risk class is 19 percent, what is the market price of the stock?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
