Question
Shiner Corporation just paid a dividend of D0 = $0.8 per share, and that dividend is expected to grow at a constant rate of 6.50%
Shiner Corporation just paid a dividend of D0 = $0.8 per share, and that dividend is expected to grow at a constant rate of 6.50% per year in the future. The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's current stock price?
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International Financial Management
Authors: Jeff Madura
7th Edition
0324071744, 978-0324071740
