Question
The Bermuda Triangle Store pays a constant dividend. Last year, the dividend yield was 5.4 percent when the stock was selling for $15 a share.
The Bermuda Triangle Store pays a constant dividend. Last year, the dividend yield was 5.4 percent when the stock was selling for $15 a share. What must the stock price be today if the market currently requires a 3.8 percent dividend yield on this stock?
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International Finance
Authors: Keith Pilbeam
3rd Edition
1403948372, 978-1403948373
