Question
The Francis Company is expected to pay a dividend of D1= $2.35 per share at the end of the year, and that dividend is expected
The Francis Company is expected to pay a dividend of D1= $2.35 per share at the end of the year, and that dividend is expected to grow at a constant rate of 4.40% per year in the future. The company's beta is 1.15, the market risk premium is 9.00%, and the risk-free rate is 2.50%. What is the company's current stock price?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
