Question
Suppose NoGro, Inc. has just issued an annual dividend of $3.25 per share. Subsequent dividends will remain at $3.25 indefinitely. Returns on the stock of
Suppose NoGro, Inc. has just issued an annual dividend of $3.25 per share. Subsequent dividends will remain at $3.25 indefinitely. Returns on the stock of firms like NoGro are currently running 10%. What is the value of one share of stock?
Group of answer choices
$22.50
$37.25
$27.25
$32.50
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
