Question
Suppose Thai airways just paid a dividend of $2.04 per share. Thai airways expects its profits and dividends to grow at about 7% per year.
Suppose Thai airways just paid a dividend of $2.04 per share. Thai airways expects its profits and dividends to grow at about 7% per year. If stock holders require a 12% p.a. rate of return what is the market price of Thai airwayss stock? What is the market price of Thai airwayss common stock in year 4?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
