Question
Q1: Alaman Corp. just paid a dividend of $2.15 yesterday. The company is expected to grow at a steady rate of 5 percent for the
Q1: Alaman Corp. just paid a dividend of $2.15 yesterday. The company is expected to grow at a steady rate of 5 percent for the foreseeable future. If investors in stocks of companies like Alaman require a rate of return of 15 percent, what should be the market price of Alamans stock ? (1 mark)
NOTE: This is finance 101 Please answer informatively with direction on how you solved and steps too, no copying, your answer, informative, clear, straightforward! I will rate best answer, if you will not take the time to answer I will flag the answer and ask for refund so please have some integrity before answering! Thanks for your efforts in advance!
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