Question
The CGF Company will pay a dividend of $2.60 per share on its stock this year. The dividends are expected to grow at a rate
The CGF Company will pay a dividend of $2.60 per share on its stock this year. The dividends are expected to grow at a rate of 3% per year, indefinitely. Investors require a return of 14% on the stock. Using the dividend discount model, what is the current price of the stock?
| $18.57 |
| $18.97 |
| $23.64 |
| $24.35 |
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Finance For Food Towards New Agricultural And Rural Finance
Authors: Doris Köhn
1st Edition
3662568659, 978-3662568651
