Question
The last dividend of Delta, Inc. was $4.97, the growth rate of dividends is expected to be 4.47 percent, and the required rate of return
The last dividend of Delta, Inc. was $4.97, the growth rate of dividends is expected to be 4.47 percent, and the required rate of return on this stock is 13.00 percent. What is the stock price according to the constant growth dividend model?
Round the answer to two decimal places.
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
