Question
Suppose that a car manufactuerer pays an annual dividend of 3.78. In their most recent earnings call, management states that they are confident that they
Suppose that a car manufactuerer pays an annual dividend of 3.78. In their most recent earnings call, management states that they are confident that they will be able to steadily increase the firms dividend at a rate of 2.30% for the future. Assuming an equity cost of capital of 8.20%, what is the value of the companys stock price today?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
