Question
Target (TGT) is currently trading at a price of $50 per share. It plans on paying a dividend next year of $8 per share and
Target (TGT) is currently trading at a price of $50 per share. It plans on paying a dividend next year of $8 per share and this dividend will grow at a constant rate forever. Currently, the risk-free rate is 2%, the expected market return is 12% and TGT has a Beta of 0.8. You anticipate TGT to be trading at a price of $__________ next year (t=1).
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The Millionaire Next Door The Surprising Secrets Of Americas Wealthy
Authors: Thomas J. Stanley, William D. Danko
1st Edition
1589795474, 978-1589795471
