Question
The expected next year cash dividend per share (d 1 ) for stock VAL is $1.50. VALs annual Cost of Equity (k e ) is
The expected next year cash dividend per share (d1) for stock VAL is $1.50. VALs annual Cost of Equity (ke) is 7% and its expected annual constant Growth Rate is 2%. What is VALs capital gains yield, based on the constant growth model?
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Financial Reporting And Statement Analysis A Strategic Approach
Authors: Clyde P. Stickney, Paul Brown, James M. Wahlen
5th Edition
032418638X, 978-0324186383
