Question
Suppose thatCoca-Cola is currently paying a dividend of $1.3 pershare, the dividend is expected to grow at a rate of 4% peryear, and the rate
Suppose thatCoca-Cola is currently paying a dividend of $1.3 pershare, the dividend is expected to grow at a rate of 4% peryear, and the rate of return investors require to buyCoca-Cola's stock is 7%. Calculate the price per share forCoca-Cola's stock.
The price per share ofCoca-Cola stock is _____
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
