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The BMC Company has just paid a dividend of $5.00. Over the last 5 years, their dividends grew at a rate of 8%. However
The BMC Company has just paid a dividend of $5.00. Over the last 5 years, their dividends grew at a rate of 8%. However due to current market conditions, BMC's dividends are now expected to grow at only 3% forever. The required rate of return on BMC stock is 10%. The current market price of BMC stock is closest to: $270.00 O $71.43 $73.57 $250.00
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