Question
The common stock of Pfizer Corp. just paid a dividend of $1.00 (D 0 ). The expected long-run growth rate in dividends for this stock
The common stock of Pfizer Corp. just paid a dividend of $1.00 (D0). The expected long-run growth rate in dividends for this stock is 5.4%. If investors' required rate of return is 11.4%, what is the stock price?
| $16.28 | ||
| $17.57 | ||
| $17.13 | ||
| $18.01 | ||
| $16.70 |
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
