Question
Stix Holdings has an expected dividend next year of $0.56 per share, an annual growth rate of dividends of 10% for the foreseeable future, and
Stix Holdings has an expected dividend next year of $0.56 per share, an annual growth rate of dividends of 10% for the foreseeable future, and a required return of 20%. The value of one share in Stix Holdings is:
a.$5.60.
b.$2.24.
c.$1.86.
d.$2.80.
e.$6.60
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
