Question
Sluggish Co.. is currently paying a $.28 quarterly dividend on shares of its stock. Sluggish paid a $0.24 quarterly dividend four years ago. The dividend
Sluggish Co.. is currently paying a $.28 quarterly dividend on shares of its stock. Sluggish paid a $0.24 quarterly dividend four years ago. The dividend has grown at a consistent rate and is expected to continue doing so. The current required rate of return on Hi-yield is 9%. What is the value of a share of Sluggishs stock?
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
