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The following information is available on ABC Corp.'s historical dividends paid on December 31 of each year: Year Dividend 2019 12.00$ 2018 10,98$ 2017 10.26$
The following information is available on ABC Corp.'s historical dividends paid on December 31 of each year:
Year Dividend
2019 12.00$
2018 10,98$
2017 10.26$
2016 9.89$
2015 9.4$
2014 8.97$
Based on this data, at what price would you be willing to buy the shares of ABC Corp. on November 1, 2020, knowing that the shares of another XYZ company, which has the same level of risk and has always distributed a fixed dividend of $6 per year, were trading at $30 per share at the beginning of 2020?
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