Question
Q3.) CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0.55 per share dividend at the end of the year (that is, D 1
Q3.) CONSTANT GROWTH VALUATION Thomas Brothers is expected to pay a $0.55 per share dividend at the end of the year (that is, D1 = $0.55). The dividend is expected to grow at a constant rate of 6% a year. The required rate of return on the stock, rs, is 16%. What is the stocks current value per share? Round to TWO decimal places.
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Investment Risk Management
Authors: Yen Yee Chong
1st Edition
0470849517, 9780470849514
