Question
The Black Forest Cake Company just paid an annual dividend of $4.28. If you expect a constant growth rate of 5.95 percent, and have a
The Black Forest Cake Company just paid an annual dividend of $4.28. If you expect a constant growth rate of 5.95 percent, and have a required rate of return of 10.37 percent, what is the current stock price according to the constant growth dividend model?
Round the answer to two decimal places.
Your Answer:
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
