Question
SBC Corp. just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 7.00% per year
SBC Corp. just paid a dividend of $0.65 per share, and that dividend is expected to grow at a constant rate of 7.00% per year in the future. The company's beta is 0.95, the required return on the market is 10.50%, and the risk free rate is 5.00%. What is the company's current stock price?
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
