Question
The last dividend is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price
The last dividend is $1.80, the growth rate (g) is 6%, and the required rate of return (r) is 12%. What is the stock price according to the constant growth dividend model?
a. $15.00
b. $31.80
c. $30.80
d. $30.00
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th International Edition
1259094901, 9781259094903
