Question
Ring Panda, a fashion jewellery distributor, issues dividends semi-annually. The most recent dividend was $1.5, dividends are expected to grow at 8% p.a, compounded semi-annually,
Ring Panda, a fashion jewellery distributor, issues dividends semi-annually. The most recent dividend was $1.5, dividends are expected to grow at 8% p.a, compounded semi-annually, and the cost of equity is 15% p.a, compounded semi-annually. In addition to its existing dividend scheme, Ring Panda intends to also issue a $3.4 special dividend one quarter from now. What is the share price of Ring Panda?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
