Question
Sydney bank has just paid an annual dividend of $ 0.40 per share. If its dividend are expected to grow indefinitely at rate of 5%
Sydney bank has just paid an annual dividend of $ 0.40 per share. If its dividend are expected to grow indefinitely at rate of 5% per year and the required rate of return is 12% per year, what is intrinsic value of one Sydney Bank share?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
