Question
The FI Corporation's dividends per share are expected to grow indefinitely by 11% per year. If this year's year-end dividend is $5.00 and the market
The FI Corporation's dividends per share are expected to grow indefinitely by 11% per year. |
If this year's year-end dividend is $5.00 and the market capitalization rate is 15% per year, what must the current stock price be according to the DDM? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) Current stock price$ ???
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