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 dividend yield, based on the constant growth model?
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
