Question
SCI just paid a dividend of $1.20 per share, and its annual dividend is expected to grow at a constant rate of 2.50% per year.
SCI just paid a dividend of $1.20 per share, and its annual dividend is expected to grow at a constant rate of 2.50% per year. If the required return on SCI's stock is 6.25%, then the intrinsic value of SCI's share is __________ per share.
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
